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Home / Metal News / Primary lead social inventories in Shanghai, Guangdong surge to 16-month high

Primary lead social inventories in Shanghai, Guangdong surge to 16-month high

Dec 7, 2018 16:16

Source:SMM

Stocks jumped some 5,300 mt week on week to stand at 23,500 mt as of Friday Dec 7

SHANGHAI, Dec 7 (SMM) – Social inventories of primary lead across Shanghai and Guangdong jumped some 5,300 mt week on week to stand at 23,500 mt as of Friday December 7, the highest since late August 2017, SMM data showed.

Output recovery from maintenance, inflows of seaborne materials and weakened demand combined to grow the stocks this week.

Weakening consumption across lead-acid battery markets drove battery producers to cut their lead procurement. Downstream consumers were cautious in purchasing lead this week also due to strong lead prices and their pessimistic outlooks.

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Lead

Primary lead

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