Upbeat downstream sentiment lowers primary lead social inventories

Published: Aug 24, 2018 15:53

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Social inventories in Shanghai and Guangdong continued to decrease this week as the market picked up

SHANGHAI, Aug 24 (SMM) – Social inventories of primary lead in Shanghai and Guangdong continued to decrease this week as purchasing enthusiasm across downstream consumers improved in a rebounding market, SMM research found as of Friday August 24.

Inventories across the two regions fell by 2,100 mt over the week ended August 24 to 11,900 mt. This came after a decline of some 1,800 mt in the previous week.

This week, prices of secondary lead deterred downstream consumers. Ex-factory prices of secondary materials were offered flat from prices of SMM 1# primary lead. Prices of secondary lead in Jiangxi even exceeded those of primary lead.

Inventory data Lead Primary lead

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

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