【SMM Analysis: Tight Supply Pushes Lead Prices Sharply Higher? Inventory Check of Primary Lead Production in Henan Province in April】On March 28, Shanghai lead hit a more than 2-month high, briefly reaching 16,515 yuan/ton. The price of SMM 1# lead rose by 150 yuan/ton, and by the end of the day, the main 2405 lead contract in Shanghai rose by 1.82% to 16,465 yuan/ton.

Although there are various opinions on the current rise in lead prices, the mainstream views mainly focus on three aspects. The most popular discussion is about the expected reduction in primary lead production in Henan Province in April. Details of this specific situation according to SMM research are as follows…