The Social Inventory of Lead Ingots Continued to Rise as the Stocks were Transferred to the Social Warehouses for the Delivery of SHFE 2206

SHANGHAI, June 13 (SMM) - As of June 13, the social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin was 88,700 mt, up 900 mt from last Friday (June 10) and 1,200 mt from last Monday (May 6) .

According the survey,  the stocks were transferred to the social warehouses for the delivery of SHFE 2206, hence the inventories across regions increased. In addition, due to the  warrants pledge scandal of aluminium, the stocks in Guangdong and Zhejiang continued to be transferred. Therefore, the overall social inventory of lead ingot continued to rise. After the delivery, SMM will pay attention to the production increase amid the completion of maintenance.