SMM7 March 10: according to SMM, as of Friday, the total inventory of SMM lead ingots in the five places reached 36500 tons, up more than 2700 tons from last week.
It is understood that with the rise in lead prices, the profits of recycled lead have been revised up, and the production enthusiasm of refineries has increased. At the same time, the discount on recycled refined lead has expanded rapidly this week. As of Friday, the mainstream trading price of recycled refined lead has been quoted at 400 Mel 300 yuan / ton for SMM1# lead, and some to 450 yuan / ton. Due to the expansion of the current price difference, holders generally tend to deliver positions, electrolytic lead spot quotation is relatively strong, to the Shanghai lead 2007 contract discount 50 yuan / ton to flat. In addition, taking into account the price advantage, in addition to the rated long orders, the other bulk orders are mainly recycled lead, the trading volume of electrolytic lead has decreased significantly, and the social inventory has further accumulated. In addition, due to heavy rains in many places this week, transportation in some areas is restricted, and some goods may arrive at the warehouse next week. Inventory is expected to continue to increase.