Suppliers are reluctant to sell at low prices, and in-plant inventory of primary lead continues to accumulate [SMM Weekly Review of Primary Lead Inventory]

        It is understood that on August 14, the inventory of primary lead at the in-plant inventory of the main delivery brands was 8,300 mt, an increase of 1,400 mt WoW.

        Recently, the production of primary lead smelters has been relatively stable, and suppliers have been shipping goods according to market conditions. During this period, lead prices surged and then pulled back, and the shipping enthusiasm of some smelters and suppliers slightly declined. The discount of quoted prices narrowed during this period, with the mainstream production areas' quoted prices narrowing from a low of a discount of 200-150 yuan/mt against the SHFE lead 2509 contract at the beginning of the week to a discount of 150-80 yuan/mt at the factory. The inventory at smelters' in-plant inventory increased cumulatively WoW. In addition, the delivery of the SHFE lead 2508 contract ended this week, and the supply of spot market goods in circulation is expected to increase next week, which may make it more difficult to ship cargoes self-picked up from production site. It is expected that there will still be a slight increase in the inventory at smelters' in-plant inventory.