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Watch out for Lead Price Decline in Late June on Demand Decrease, SMM Warns

iconJun 23, 2017 11:31
Source:SMM
Lead price will enter downward track in the rest of June, and cargo holders are suggested to sell goods at high prices and reduce inventory.

SHANGHAI, Jun. 23 (SMM) – There is a big chance for lead price to drop in the rest of June, and cargo holders are suggested to sell goods at high prices and reduce inventory on hand, SMM noted.

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Downstream battery producers, which are rushed to purchase goods for two weeks in a row, report ample lead ingot inventory at present.

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This, couples with financial strain at month end and semi-year end, leads to a small possibility for battery producers to build large amounts of raw material stocks.

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