Lead Ingot Inventories Plunge to Four-Year Low; Market Eyes Refinery Stock Shifts Amid Price Volatility

[SMM Survey: Lead Ingot Inventory Hits a New Four-Year Low; Follow-up Focus on the Direction of Refinery Inventory Transfer]

According to the survey, after the centralized pick-up by major downstream enterprises last week, the inventory of lead ingots in some warehouses began to rebound. Recently, lead prices have shown a weak and volatile trend, prompting lead smelting enterprises to actively clear their inventories and offload goods, with most spot quotations offering a discount of 200-100 yuan/ton against the average price of SMM1# lead at the factory level...