Lead ingot supply from major producing areas recovers, primary lead enterprises' factory inventory accumulates [SMM Primary Lead Inventory Weekly Review]

          It is reported that as of June 4, the in-factory inventory of primary lead delivery brands stood at 15,800 mt, an increase of 3,500 mt WoW.

During the week, in major production areas, primary lead smelters resumed production after maintenance, leading to an increase in lead ingot supply. In the first half of the week, lead prices held up well, which dampened the purchasing enthusiasm of downstream enterprises, and coupled with the incremental supply of secondary lead as a substitute, finished product inventories at primary lead enterprises shifted to an uptrend. Meanwhile, in the second half of the week, lead prices reversed course and declined. Some downstream enterprises sought to buy the dip, and market trading activity improved slightly. However, some primary lead enterprises suspended shipments, holding back from selling due to low prices, and the inventory increase remained unchanged.