Lead inventory drops on sustained production cut and restocking enthusiasm

Jun 29, 2018 16:45

Source:SMM

Lead inventory in Shanghai and Guangdong declined faster over the week as production cut at primary smelters in Henan sustained

SHANGHAI, Jun 29 (SMM) – Lead inventory in Shanghai and Guangdong declined faster over the week ended Friday June 29 as a production cut of 30-50% at primary lead smelters in Henan province sustained.

Supply remained tight as some smelters underwent maintenance. Downstream consumers restocked actively on strengthened lead prices also accounted for the inventory decrease.

As of Friday, the inventory dipped some 4,100 mt from a week ago to 5,600 mt. This was entirely contributed by the drop in Shanghai.

Inventory data

Lead

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Lead inventory drops on sustained production cut and restocking enthusiasm

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