Lead Ingot Social Inventory Continues to Decline Amid Regional Supply Tightness and Pre-Holiday Stockpiling

[SMM Analysis: Regional Supply Tightness Combined with Pre-Holiday Stockpiling Leads to Continued Decline in Lead Ingot Social Inventory]

Entering January, the Chinese New Year atmosphere in the lead market has begun to emerge. Considering the suspension of logistics operations during the period before and after the holiday, downstream enterprises have gradually started stockpiling lead ingots as per usual practice. This is especially true after the decline in lead prices, which has relatively improved the purchasing enthusiasm of downstream enterprises...