Maintenance and Downstream Restocking Drive Further Decline in Primary Lead Enterprise Inventories [SMM Primary Lead Inventory Weekly Review]

          It is understood that as of October 15, in-factory inventory of primary lead for major delivery brands stood at 900 mt, down 4,400 mt WoW.

During the holiday period, apart from smelters undergoing maintenance, other enterprises largely maintained normal production, accumulating a certain amount of lead ingot inventory. After the holiday, downstream enterprises actively purchased to restock, and combined with the impact of newly added maintenance at smelters, in-factory inventory turned downward. Among them, some enterprises have even pre-sold their entire monthly lead ingot output, and smelters in central China are currently in a state of queuing for shipments. It is expected that in the short term, in-factory inventory at primary lead smelters will remain at low levels.