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Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin rose 1,900 mt from last Friday May 14 to 85,900 mt as of Monday May 17, an SMM survey showed. This was up 16,700 mt from last Monday May 10. Please sign in to continue reading the full article for free Already registered? Sign in
Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 17,400 mt from last Friday May 7 to 84,100 mt as of May 14. This was up 14,900 mt from Monday May 10. Please sign in to continue reading the full article for free Already registered? Sign in
Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin declined 5,500 mt from last Friday April 23 to 62,600 mt as of Apr 30. This was down 4,000 mt from Monday April 26. Please sign in to continue reading the full article for free Already registered? Sign in
As downstream battery factories started deliver goods, the social inventory of lead ingots decreased from the high level on the month. However, the market quotations of primary lead was still offered at a wide discount, and the price difference between refined and scrapped lead expanded to above 250 yuan/mt, leading to the weak fundamental performance of the industrial line from lead ingot to downstream consumption. Focus this week will be whether the lead ingot inventory will continue to drop, and whether the spot discounts will narrow and drive up the lead prices.
Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin gained 3,300 mt from February 18 and rose 2,100 mt from February 22 to 46,700 mt as of Friday February 26, an SMM survey showed.