Lead Price Surge Boosts Downstream Buying, Social Inventory Drops

[SMM Survey: Lead Price Increase Stimulates Downstream Procurement, Social Inventory Continues to Decline]

According to the survey, recent lead prices have fluctuated upward, easing the wait-and-see sentiment among downstream enterprises, which have gradually started inquiring and purchasing. Consequently, the inventory of lead ingots in social warehouses has declined. Meanwhile, primary lead smelting enterprises are undergoing both maintenance and recovery, and the profitability of secondary lead is improving...