Home / Metal News / Slower demand grows primary lead stocks in Shanghai, Guangdong

Slower demand grows primary lead stocks in Shanghai, Guangdong

iconOct 19, 2018 13:42
Source:SMM
Inventories increased by some 4,300 mt from Oct 12 to stand at 12,400 mt as of Friday Oct 19

SHANGHAI, Oct 19 (SMM) – Social inventories of primary lead across Shanghai and Guangdong increased by some 4,300 mt from October 12 to stand at 12,400 mt as of Friday October 19, SMM data showed.

Weaker downstream demand from lead-acid battery plants accounted for the increase. As lead prices fell over the week, battery plants became more cautious in purchasing, and showed greater interest in secondary refined lead as its offers stood at a deep discount of 300-200 yuan/mt ex-works over SMM #1 lead as of Friday.

Cargoes entered the spot market after delivery on October 15 and this also grew social stocks. 

Inventory data
Lead

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All