SHANGHAI, Mar 27 (SMM) - As of March 27, the social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin was 41,600 mt, up 800 mt from last Friday and 11,700 mt from last Monday.
According to research, the terminal demand has weakened amid the traditional off-season. finished product inventory of some downstream enterprises accumulated, hence enterprises were more cautious on procurement. In addition, high lead prices and the end of the delivery of long-term orders in March, the supply of secondary lead smelters has resumed and the spot supply has increased. As the regional tight supply eased, the downstream enterprises intended to purchase from smelters. As such, the social inventory of lead ingots stopped falling and increased slightly.


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