In April, China's Secondary Lead Market faces tight raw material supply and cost pressures. Despite no widespread proactive production cuts among Secondary Lead smelters, potential downstream holiday shutdowns and rising scrap battery prices may force passive output reductions. Lead prices are expected to remain under pressure in the short term.
According to the latest SMM statistics, the inventory of aluminum ingots in mainstream domestic consumption areas stood at 689,000 mt on April 17, down 35,000 mt from Monday this week and 55,000 mt WoW from last Thursday.