Primary Lead Inventory in Shanghai and Guangdong Records Lowest Level, SMM Reports

Published: Jun 19, 2017 16:20

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Primary lead inventory in Shanghai and Guangdong dropped by 4,700 tonnes to below 40,000 tonnes last week, registering the lowest level in recent years.

SHANGHAI, Jun. 19 (SMM) - Primary lead inventory in Shanghai and Guangdong dropped by 4,700 tonnes to below 40,000 tonnes last week, registering the lowest level in recent years.

Lead Price to Stay Firm This Week, SMM Reports

TCs for Domestic Lead Concentrate to Inch Up amid Supply Increase, SMM Forecasts

Traders were active in build-stocking with optimistic outlook after lead prices increased constantly and sold goods at high premiums. Moreover, downstream battery producers, expanding output, showed high raw material purchase enthusiasm.

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