[SMM data] lead consumption continues to be in the doldrums. Lead ingot social warehouses have increased by 6500 tons.-Shanghai Metals Market

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[SMM data] lead consumption continues to be in the doldrums. Lead ingot social warehouses have increased by 6500 tons.

Translation 06:40:21PM Nov 08, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

 

 

SMM11, November 8 (Xinhua) as of Friday (Nov. 8), the total social inventory of lead ingots in the five places was 30, 000 tons, up 6500 tons from the previous Friday month-on-month. Lead prices have fallen one after another this week, due to the cost support of recycled lead, lead is dangerous to guard the Wanliu pass, at the same time, the downstream market consumption is not good, storage enterprises are more cautious in purchasing raw materials, coupled with the limited discount of recycled refined lead, the inventory of primary lead smelting enterprises is difficult to digest, part of the delivery brand carries on the delivery operation, the social inventory rises further.

In addition, when we enter delivery next week, it may be difficult to expand the spot discount in the trade market, and as Anhui recycled lead enterprises resume work, social inventory is still at risk of rising.

[SMM data] lead consumption continues to be in the doldrums. Lead ingot social warehouses have increased by 6500 tons.

Translation 06:40:21PM Nov 08, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

 

 

SMM11, November 8 (Xinhua) as of Friday (Nov. 8), the total social inventory of lead ingots in the five places was 30, 000 tons, up 6500 tons from the previous Friday month-on-month. Lead prices have fallen one after another this week, due to the cost support of recycled lead, lead is dangerous to guard the Wanliu pass, at the same time, the downstream market consumption is not good, storage enterprises are more cautious in purchasing raw materials, coupled with the limited discount of recycled refined lead, the inventory of primary lead smelting enterprises is difficult to digest, part of the delivery brand carries on the delivery operation, the social inventory rises further.

In addition, when we enter delivery next week, it may be difficult to expand the spot discount in the trade market, and as Anhui recycled lead enterprises resume work, social inventory is still at risk of rising.