SMM Research: Reduction of ingot production collides with post-holiday restocking. Lead ingot social inventory continues to decline.
According to the research, original lead smelting enterprises in Yunnan, Hunan, Jiangxi and other regions have increased maintenance, leading to further tightening of lead ingot supply. At the same time, the production restrictions due to smog in Anhui have been lifted, but the initial resumption of production by recycled lead enterprises has limited impact on supply this week. Meanwhile, downstream enterprises after the New Year's Day...
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