Social lead ingot inventory across five major regions in China

According to SMM survey, social lead ingot inventory across five major regions in China totalled 56,200 mt as of March 28, down 6,500 mt from Thursday March 21 and up 300 mt from Monday March 25.

According to survey, primary lead smelters in Henan, Hunan and other regions are undergoing maintenance, and supply was further reduced last week, causing some downstream enterprises to consume social warehouse stocks. Therefore, social stocks of lead ingots continued to decline. After March 25 when long-term contracts for the new month started, the supply circulating in the market increased. In addition, the production of secondary lead smelters increased, and the discounts of secondary refined lead widened. Purchases for secondary refined lead increased.