[SMM data] the social inventory of lead ingots fell again before May 1, but the cumulative stock is expected to rise after the festival.

Published: Apr 30, 2020 16:47

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SMM, April 30: according to SMM, as of Friday (April 30), the total inventory of lead ingots in the five places of SMM totaled 8300 tons, down more than 400 tons from last week.

It is understood that this week is before May Day, part of the lower reaches of the lead ingots in the early Zhou Dynasty just need to be stored, mainly concentrated in Zhejiang, Guangdong. In the second half of the week, the price difference of recycled lead widened. By Thursday, the mainstream of recycled refined lead had reported that the average price of SMM1# electrolytic lead was 150-100 yuan / ton, and a few had a discount of more than 2000.The downstream just needed to be diverted, coupled with the arrival of some delivery brands of lead ingots in Shanghai, the decline in lead ingot inventory was narrower than that of last week.

In addition, during the May Day period, most of the small and medium-sized battery enterprises have holiday plans, while the primary lead and recycled lead enterprises basically maintain normal production, and the probability of accumulating lead ingots after saving is relatively large.

Lead; lead batteries quotation output inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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