Lead ingot social inventory across five major regions in China

In March, both lead supply and demand are expected to increase. Recently, lead smelting companies are actively shipping goods. In some areas, premiums were reduced and discounts expanded. Downstream companies are more inclined to purchase from smelters. At the same time, smelters delivered cargoes to warehouses as the price spread between spot cargoes and contracts exceeded 200 yuan/mt. This week, the delivery of the SHFE front-month contract may lead to the continued growth of lead ingot inventories at social warehouses.