Consumption Absent During Holiday Period, Primary Lead Enterprise Inventory Accumulated [SMM Primary Lead Inventory Weekly Review]

          As of May 7, the in-factory inventory of major primary lead delivery brands was 20,300 mt, an increase of 5,300 mt WoW.

This week, primary lead smelter production was stable with a slight upward trend. However, due to the Labour Day holiday, downstream enterprises were generally on holiday, leading to a temporary absence of lead consumption. Even though downstream enterprises purchased on demand after the holiday and suppliers transferred lead ingots to delivery warehouses, in-factory inventory of primary lead enterprises still accumulated compared to pre-holiday levels. Next week, as the SHFE lead delivery date approaches, suppliers will continue to transfer lead ingots, and the in-factory inventory pressure on primary lead enterprises is expected to ease going forward.