[note] LME lead stocks soar 20, 000 tons of lead prices rebound

SMM3 March 11: LME lead stocks surged 20800 tons to 115700 tons a day on March 11, returning to the 110000-ton mark after a month.

LME lead inventory (ton)

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SMM brief comment: recently, the price of lun lead has fallen one after another, as low as 1942.5 US dollars / ton, while the lead 0-3 discount has gradually expanded to-27 US dollars / ton as of March 10. Until today, Lun lead barely stopped falling to show signs of recovery, the current inventory surge, or drag down the pace of lead price recovery.

Recommended reading:

[SMM afternoon Review] SMM Shanghai lead market KuaiBao: Shanghai lead has stopped falling and rebounded, and the spot market transaction has also picked up.

[SMM Evening Review] Summary of the transaction in the original lead market on March 11