[SMM Analysis: Regional Supply of Lead Ingots Tightens, Social Inventory Drops to Near One-Month Low]
SMM Dec 1: According to SMM, as of December 1, the total social inventory of lead ingots across five regions stood at 30,700 mt, down 6,300 mt from November 24 and 4,300 mt from November 27, reaching a near one-month low.