SMM Research: Lead ingot inventory in delivery week is expected to increase as scheduled. Follow-up attention is needed for refinery production trends. According to the research, the Shanghai lead 2403 contract is about to enter the delivery phase this week, and the holders are transferring warehouses, causing the social inventory of lead ingots to continue to rise. Furthermore, due to the recent recovery in production of lead-acid battery companies, the demand for lead ingot purchases has also increased, while the inventory in primary lead smelters...
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