Smelter Maintenance in Major Production Areas, Primary Lead Enterprise Inventory Continued to Decline [SMM Primary Lead Inventory Weekly Review]

          As of May 28, the in-factory inventory of major primary lead delivery brands stood at 12,300 mt, down 1,100 mt WoW.

This week, primary lead smelters in Henan were under maintenance, tightening lead ingot supply in major producing areas. Meanwhile, downstream enterprises purchased on demand during the lead price pullback, and in-factory inventory of primary lead smelters continued to decline. Additionally, in June, more secondary lead enterprises are expected to resume production after maintenance, while end-use consumption shows no significant signs of improvement, leaving primary lead smelter inventory still at risk of rising.