Supply Side Tightens; Secondary Lead In-Factory Inventory Shifts to Decline [SMM Secondary Lead Inventory Weekly Review]

SMM July 17 news:

As of July 16, secondary lead finished product inventories stood at 21,300 mt, down about 300 mt WoW. Lead prices fell first and then rose this week, with downstream buying sentiment improving mid-week; combined with low production operation on the supply side, enterprise in-factory inventory growth was limited. Looking into next week, some enterprises in North China intend to halt production, and the supply side is expected to tighten, keeping finished product inventories stable to lower.