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Lead social inventories halted 7 weeks of slide amid weak battery demand
Apr 17,2020 17:05CST
data analysis
Source:SMM
Consumption in the lead-acid battery market weakened, and this drove lead smelters to lower their production targets. Consumers continued to shift demand to secondary materials as the rising supply of secondary lead expanded discounts of secondary refined lead to as much as 100 yuan/mt against the average prices of SMM 1# lead on an ex-work basis.
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Inventory data
Lead

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