Lead Market to Hold Supply Shortage, Despite of Output Resumption, SMM Reports

Published: Jul 3, 2017 10:02

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Lead market will keep tight supply this week, with low inventories at primary lead smelters and stable production at secondary lead smelters.

SHANGHAI, Jul. 3 (SMM) - Finished goods inventory at primary lead smelters increased last week, while that dropped at social warehouses.

Primary lead smelters in Henan, including Anyang Yubei Gold & Lead Group and Henan Jinli Gold & Lead Group, resumed output, expect Yuguang Gold & Lead which remained offline for unit maintenance. Those smelters reported low finished goods inventory.

Primary Lead Inventory in Shanghai and Guangdong Falls, SMM Reports

Large secondary lead smelters in Anhui posted normal production after the end of environmental checks. However, small secondary lead smelters in Henan shut down successively with starts of environmental protection inspections. No news was heard from other regions.

Where Will Lead Head This Week? SMM Forecasts

As such, lead market will keep tight supply this week, with low inventories at primary lead smelters and stable production at secondary lead smelters, SMM expects.

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SHFE lead LME lead lead prices

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