SMM News: London Metal Exchange (LME) data released on Wednesday showed that London lead stocks continued to fall to 64250 tons, again refreshing more than a decade low.
Lead stocks in Shanghai fell slightly to 30756 tons as of June 28, according to data released in the previous period. In the past six months, Shanghai lead stocks have fluctuated around the 30,000-ton barrier.
Note: generally speaking, the falling stock of domestic and foreign exchanges will support the futures price, on the contrary, it will be negative for the futures price.
The following is the LME and previous lead inventory data since March 2019: (in tons)