Maintenance increased, primary lead enterprise factory inventory declined again [SMM Primary Lead Inventory Weekly Review]

          It is understood that as of August 20, the in-factory inventory of primary lead main delivery brands stood at 17,100 mt, down 3,800 mt WoW.

This week, some primary lead smelters in Hunan, Henan, Inner Mongolia and other regions successively entered maintenance, leading to a tighter supply of lead ingots WoW. Meanwhile, lead prices drifted higher. At the beginning of the week, downstream enterprises mainly purchased as needed, causing a significant decline in inventory for some smelters, with even individual enterprises imposing limited shipments. However, during the period, some smelters also reserved lead ingots in advance due to upcoming maintenance, which to some extent slowed the pace of inventory reduction. Therefore, the decline in in-factory inventory of primary lead enterprises this week was relatively limited.