SMM News: London Metal Exchange (LME) data show that London lead inventory rebounded at a low level, the current inventory of 63025 tons. On Tuesday, lead stocks on the exchange fell to 61300 tonnes, hitting a nearly one-year low.
Data released in the last issue showed that lead inventories in Shanghai have rebounded since late May, with weekly inventories surging 49.96 per cent to 40547 tons as of July 17, the highest level since January 10.
Note: generally speaking, declining stocks in domestic and foreign exchanges will support the futures price, otherwise, it will be bad for the futures price.
Comparison of lead inventory between LME and previous period since 2018
The following is the lead inventory data of LME and the previous period since July 2020: (in tons)
![Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
![Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
![SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
