Primary lead inventory shrinks 1,100 mt in Shanghai, Guangdong

Publicado: Jul 13, 2018 16:01
Primary lead inventory in Shanghai and Guangdong shrank 1,100 mt from a week ago as traders were unwilling to restock

SHANGHAI, Jul 13 (SMM) – Primary lead inventory in Shanghai and Guangdong shrank 1,100 mt from a week ago to stand at 7,700 mt as of Friday July 13, as traders were unwilling to restock on plunging lead price. 

While the delivery date approaches, the SHFE 1808 contract stayed around 1,000 yuan/mt lower than the 1807 contract. This also deterred traders from purchasing. 

Domestic and imported cargos were depleted gradually by downstream over the week. However, suspension at lead-acid battery plants near Guangdong, on environmental ground, accounted for 1,500 mt of increase in primary lead stock in the province.

 

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
Primary lead inventory shrinks 1,100 mt in Shanghai, Guangdong - Shanghai Metals Market (SMM)