Lead Ingots Supply Surge Widens Spot-Futures Gap, Social Inventory Hits 70,000 mt

[SMM Social Inventory of Lead Ingots: Supply Increase Expands Spot-Futures Spread, Social Inventory of Lead Ingots Rises to 70,000 mt]

Recently, primary lead smelters in regions such as Hunan and Henan resumed production after maintenance, resulting in a temporary supply increase. The resumption of production by secondary lead enterprises and the commissioning of new capacity have contributed to a relatively loose overall market supply...