Weak Demand for Capacity Recovery, Slow Pace of Inventory Digestion [SMM Secondary Lead Inventory Weekly Review]

SMM News, May 29:

As of May 28, secondary lead finished product inventories stood at 21,700 mt, up 280 mt WoW from May 21. This week, environmental protection inspections in Guangdong concluded, and enterprise capacity was gradually recovering. In addition, lead prices fluctuated at highs, and downstream battery enterprises showed low purchase willingness. Looking ahead to next week, the sluggish end-use consumption trend is expected to continue. Spot order supplies in the market are expected to remain tight with firm offers, limited room for price negotiation, and significant transaction resistance, and the pace of finished product inventory digestion is expected to continue to slow down.