[SMM Analysis: Social Inventory of Lead Ingot Increases Slightly Amid Simultaneous Growth in Supply and Demand] SMM News on July 3: According to SMM, as of July 3, the total social inventory of lead ingot across five regions tracked by SMM reached 56,900 mt, an increase of approximately 900 mt from June 26 and approximately 600 mt from June 30.

[SMM Social Inventory of Lead Ingots: Social Inventory of Lead Ingots Increases Slightly Amidst Simultaneous Growth in Supply and Demand] This week, lead prices held up well, with the overall center of price movement moving upward. Suppliers were mostly active in selling, and spot discounts for lead expanded. The spread between futures and spot prices for lead in major producing areas ranged from 180 to 250 yuan/mt...

Overnight, LME lead opened at $2,041/mt. During the Asian session, it first declined and then rebounded, with a low of $2,034.5/mt. Entering the European session, with bulls increasing their positions, LME lead surged to $2,065/mt and finally closed at $2,063.5/mt, up 1.2%.

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Continue to Consolidate, with Regional Improvement in Spot Market Transactions] SMM News on July 2: In the Shanghai market, Chihong and Honglu lead were priced at 17,045-17,135 yuan/mt, quoted at a discount of 10-0 yuan/mt against the SHFE lead 2508 contract or at a discount of 50 yuan/mt against the SHFE lead 2507 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,090-17,115 yuan/mt, quoted at a discount of 30-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead prices continued to consolidate, with suppliers quoting at a discount...