[SMM Research: With the叠加 of delivery and the decline in recycled lead production, social inventory of lead ingots may shift from increase to decrease in the future]

According to research, today is the delivery day for the Shanghai lead 2406 contract. The holders continue to move inventory to warehouses, and social inventory of lead ingots has risen as expected. Recently, the supply of waste batteries has intensified, and waste battery prices have continued to rise from last week, squeezing profits in recycled lead.