SMM Research: Supply and demand imbalance combined with low prices leading to reluctant sales, lead ingot inventories turning positive

According to research, recent production of primary lead and secondary lead by enterprises has remained stable and even increased, while the lead-acid battery sector has seen reduced production and closures, leading to the turn to positive for lead ingot inventories. At the same time, lead prices have continued to decline this week, breaking through the 16,000 yuan mark. Faced with falling prices, lead smelting enterprises have varied opinions on sales: some enterprises are considering clearing their inventories by selling at a discount before the end of the month...