SMM Lead Morning Meeting: Pre-Holiday Stockpiling Boosts Transactions, Social Inventory Declines

Published: Jan 7, 2025 08:57

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[SMM Lead Morning Meeting Summary: Pre-Holiday Routine Stockpiling Improves Lead Ingot Transactions, Social Inventory May Continue to Decline] Spot fundamentals: Currently, downstream enterprises are in the pre-Chinese New Year routine stockpiling period. Some enterprises are purchasing as needed. After the supply in major lead ingot production areas decreased, downstream enterprises turned to consuming lead ingots from nearby warehouses, leading to a larger decline in social inventory...

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