LME Lead Inventory Dropped to 13-Year Low, SHFE Lead Inventory Rose to One-Month High

SHANGHAI, Mar 4 (SMM) – Data released by LME shows that the lead inventory across LME-listed warehouses have been falling from the high level of 58,175 mt since November 16, 2021. The declined slowed down last week, and the inventory hit a 13-year low at 44,175 mt.

While the SHFE data shows that the lead inventory across SHFE warehouses have been increasing for four consecutive weeks. As of February 25, the SHFE lead inventory increased by 2.43% on the week to 88,857 mt, reaching a one-month high.