Finished Products across Secondary Lead Smelters Rise Significantly

SHANGHAI, Apr 4 (SMM) - According to the survey of SMM, the inventory of finished products across secondary lead smelters was about 26,800 mt, a substantial increase of 10,600 mt compared with a week ago. A smelter in Anhui will carry out overhaul this week, but it has restocked enough raw materials in order to ensure the delivery of long-term orders, which led to a substantial increase in finished product inventory last week. But the finished product inventories of most other smelters remained at a low level. In addition, the raw material inventory of enterprises was about 196,700 mt last week, a slight increase of 3,900 mt compared with the previous week. As the replacement of lead-acid battery scrap in China has gradually decreased, some smelters reported that it is more difficult to purchase battery scrap. However, due to the resumption of production of secondary lead smelters, the total inventory of battery scrap still increased.