SMM Analysis: Secondary Lead Smelters' Finished Product Inventories Drop to Historic Lows; Lead Price Rebound Potential Explored

[SMM Analysis: Weekly Finished Product Inventories at Secondary Lead Smelters Hit Historical Lows; Is There a Possibility for Lead Prices to Rebound and Catch Up?]

SMM, December 16: Today marked the delivery of the SHFE lead 2412 contract. The combination of inventory buildup pressure in social lead ingot stocks and mediocre downstream consumption caused lead prices to fluctuate downward. As a result, the price increase of secondary lead raw material, battery scrap, slowed, with some smelting enterprises even lowering their procurement prices. Due to the limited scrap volume of battery scrap and the strong sentiment of suppliers holding back cargoes, the arrivals of raw materials at smelters remained unsatisfactory...