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