SMM Analysis: Tight Spot Supply of Lead Ingots This Week, Inventory at Primary Lead Smelters Drops to Historical Low

In the spot market, the previous year-end closing factors have been resolved, and downstream enterprises will return to normal procurement. However, the New Year's Eve haze production restrictions have led to unexpected reductions in regenerated refined lead and individual primary lead. At the same time, many primary lead smelters have entered the annual routine maintenance, causing a temporary tight spot supply in the market. This week, the inventory at primary lead delivery brand smelters has shown a significant decrease compared to the same period last year.