SHANGHAI, Jun. 23 (SMM) – There is a big chance for lead price to drop in the rest of June, and cargo holders are suggested to sell goods at high prices and reduce inventory on hand, SMM noted.
Lead Price, Can’t Withstand Supply Increase, be Hard to Sustain Firm Growth in July, SMM Forecasts
Downstream battery producers, which are rushed to purchase goods for two weeks in a row, report ample lead ingot inventory at present.
Refined Lead Supply to Increase after Restarts at Secondary Lead Smelters in Anhui, SMM Learns
This, couples with financial strain at month end and semi-year end, leads to a small possibility for battery producers to build large amounts of raw material stocks.
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