[SMM Survey: Imminent Delivery Pushes Lead Ingot Society Inventory to a New One-Year High]
According to the survey, lead prices exhibited a relatively strong volatility this week, with Shanghai lead prices even surging to RMB 17,295 per tonne at one point. Most holders held firm on prices to offload their inventories, but downstream enterprises hesitated due to the high prices and adopted a wait-and-see attitude, with some focusing mainly on purchasing long-term contracts. Additionally, the Shanghai lead 2411 contract is set to enter delivery tomorrow...
