Lead social inventories fell slower as smelters resumed sales after prices rebounded
Social inventories of lead ingots in China continued to fall this week, as downstream consumers kicked off a new round of long-term contracted procurement.
SMM data showed that lead social stocks across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased about 7,800 mt in the week ended March 27 to 17,900 mt.
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