Lead Ingot Social Inventories Plunge to Four-Year Low Amid Concentrated Downstream Deliveries Post-Contract Fulfillment

[SMM Survey: Downstream Concentrated Delivery after Delivery, Lead Ingot Social Inventories Drop to Four-Year Low]

According to the survey, after the delivery of Shanghai Lead 2408 contract, the delivered lead ingots have recently re-entered the market, with large downstream enterprises making concentrated deliveries, causing a significant drop in social inventories of lead ingots and setting a new low since June 5, 2020. In contrast, the spot trading market has not experienced a tight supply situation due to the significant decrease in visible inventories in delivery warehouses...