Downstream Production Halts and Logistics Suspensions Lead to Inventory Accumulation at Primary Lead Smelters [SMM Primary Lead Inventory Weekly Review]

        According to reports, as of February 12, the in-factory inventory of primary lead delivery brands was 9,900 mt, an increase of 1,000 mt WoW.

Recently, some primary lead smelters have entered maintenance, leading to a reduction in lead ingot supply compared to last week. With the Chinese New Year holiday approaching, downstream enterprises are collectively shutting down for the holiday, resulting in a significant decrease in lead ingot procurement WoW. Additionally, fewer transport vehicles are available, causing smelters' in-factory inventories to accumulate. Although some suppliers transferred lead ingots to social inventory, after logistics halted in the latter part of the week, lead ingot inventory was more reflected in enterprise in-factory inventories. Furthermore, during the Chinese New Year period, some medium and large primary lead enterprises will maintain shift work, while downstream enterprises will be completely shut down. Post-holiday lead ingot inventory is still expected to rise.