SMM Research: Regional differences in lead ingot supply widen, social inventory first decreases and then increases

According to the research, due to maintenance factors, there is a significant difference in supply of primary lead between the north and south, with the supply relatively loose in the North China market. At the same time, there is a tight supply of scrap batteries, and the transportation in North China is affected by blizzards. For example, in Anhui province, there has been a passive reduction in production at recycled lead smelters, causing downstream demand to shift to consuming nearby warehouse stocks...