Restocking Demand in Downstream were Low with Thin Transactions before the Labour Day Holiday

Published: Apr 28, 2022 13:39

Source: SMM

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SMM1# lead prices continued to fall slightly in the early trading. Smelters quoted with small discounts and the restocking demand in downstream was not high before the Labour Day holiday.

SHANGHAI, Apr 28(SMM) - SMM1# lead prices continued to fall slightly in the early trading. Smelters quoted with small discounts and the restocking demand in downstream was not high before the Labour Day holiday. With not much receiving goods, the downstream purchased on rigid demand. The market was generally worried about whether the pandemic will subside or not after the Labour Day holiday. The downstream will take off to wait and see, while the market is still affected by the pandemic. Deliveries are still not allowed in Shanghai and the market was quiet before the holiday.

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