SMM July 31: according to SMM, as of Friday, the total inventory of SMM lead ingots in the five places reached 37700 tons, down 4400 tons from last week.

It is understood that the original Henan primary lead refinery is on inspection and repair, the refinery bulk single circulation supply is reduced, while the recycled lead sticker further narrowed at the beginning of the week, recycled refined lead reported to the SMM1# lead average price discount 100 yuan / ton out of the factory; at the same time, lead prices rose one after another, the holder continued to ship, domestic lead ordinary brand reported to the Shanghai lead 2008 contract level, downstream on-demand delivery, social inventory continued to decline. In addition, in August next week, the lead battery market consumption season is expected to remain, while some recycled lead enterprises are expected to increase production again as profits are recovered, but the overhaul of some primary lead smelters continues, and social inventories are expected to decline only slightly next week.