[SMM Survey: Arrival of Imported Lead Coupled with Increment of Recycled Lead, Leading to a Slight Increase in Social Inventory]

According to surveys, lead prices have been fluctuating and falling recently, prompting downstream enterprises to take delivery of goods at low prices as needed. For instance, inventories at warehouses in Jiangsu and Tianjin have declined concurrently due to downstream withdrawals. Meanwhile, domestic supply of recycled lead has increased significantly, leading to a rapid expansion in the discount of recycled refined lead. Major producing areas offer a discount of RMB 200-50/ton against the average price of SMM1# lead for ex-factory sales. Additionally, the arrival of imported lead (refined lead)...