[SMM data] lead Battery Market consumption weakens lead Ingot inventory decline may end

SMM, April 17: according to SMM, as of Friday (April 17), the total inventory of lead ingots in the five places of SMM reached 10, 000 tons, basically flat from the change in the number of units last week. According to research, lead battery market consumption is not good, some enterprises have downgraded production plans, at the same time, with the increase in the supply of recycled lead, the mainstream of recycled lead has been reported to the average price of SMM1# lead discount of 100 yuan / ton to flat water factory, downstream procurement from the trade market to the recycled lead market, diverting part of the demand. In addition, the finished product inventory of electrolytic lead smelting enterprises is generally not high, and mainly long single delivery, so the transfer of social inventory is relatively limited.

In addition, next week, lead battery market consumption is not expected to improve, basically just need to purchase, while recycled lead still has incremental space, it is expected that social inventory may turn to a slight increase next week.