[SMM data] May 1 accumulation is expected to lead Ingot Social inventory continues to decline

SMM May 8: according to SMM, as of Friday, the total inventory of SMM lead ingots in the five places reached 8000 tons, down more than 300 tons from before the festival.

It is understood that although some small and medium-sized lead storage battery enterprises have a holiday during the May Day period, large enterprises and giant enterprises mostly maintain normal production, smelters deliver normally during the holiday period, and the accumulation of storage after the festival is very limited, so the supplement to social inventory is also limited. In addition, after the festival downstream on-demand replenishment, Shanghai, Tianjin and other places inventory continues to be consumed.

In addition, Anhui and Jiangxi recycled lead new expansion capacity is about to release, recycled refined lead sticker expanded, as of Friday recycled refined lead reported to the average price of SMM1# lead discount 200mur150 yuan / ton factory, a few to 250yuan / ton, downstream consumption is not expected to improve, it is expected that there will be a small amount of lead ingots in social inventory next week.