SMM, April 10 / PRNewswire-Asianet /-as of Friday (April 10), the total inventory of lead ingots in the five places of SMM was 10, 000 tons, down more than 1300 tons from last Friday, and has been declining for seven consecutive weeks since the end of February, according to SMM. It is understood that the trend of lead prices tends to be flat this week, primary lead enterprises due to obvious inventory digestion in March, coupled with long single supply, has not yet transferred more inventory to social warehouses, especially Shanghai and Guangdong inventory continues to consume, inventory continues to decline.
With the supply of recycled lead gradually loose, recycled refined lead from rising water trading to discount trading, as of Friday, part of the recycled refined lead transaction price has been quoted to the SMM1# lead average price discount 150-100 yuan / ton, diverting downstream demand; at the same time, the downstream battery market consumption is not prosperous, the demand for lead ingots tends to decline, it is expected that the decline in social inventory of lead prices will narrow again next week, or become stable.
