Lead Ingot Inventory Soars by 20,000 Tons Ahead of Deliveries, Total Inventory Tops 50,000 Tons - SMM Survey

[SMM Survey: Increase in Lead Ingot Inventory Transfers and Deliveries, Total Social Inventory Exceeds 50,000 Tons]

According to the survey, the price of lead fell sharply at the beginning of the week, coupled with the approaching delivery date of the Shanghai Lead 2409 contract, many holders actively transferred lead ingots to delivery warehouses in preparation for subsequent deliveries, resulting in an increase of nearly 20,000 tons in the total social inventory of lead ingots. During the decline in lead prices, secondary lead smelting enterprises...