Lead Price Decline Prompts Holding Back From Selling, Primary Lead Enterprise Plant Inventory Increases Again [SMM Primary Lead Inventory Weekly Review]

          It is learned that as of July 2, the in-factory inventory of major primary lead delivery brands stood at 26,000 mt, up 3,300 mt WoW.

This week, primary lead smelters experienced both maintenance and production restarts, with the reduction slightly outweighing the increase, resulting in a relative contraction in weekly supply. Meanwhile, lead prices fell sharply to a more than two-year low. Smelters held back from selling at low prices and even suspended shipments at one point. At the same time, downstream enterprises were highly risk-averse; although they had the intention to stockpile on dips, their purchases were relatively limited, leading to an accumulation of in-factory inventory at primary lead smelters.