【SMM Survey: A Mixture of Production Cutbacks and Delivery Issues Led to a Rise and Fall in the Social Inventory of Lead Ingots】

According to recent surveys, the price of lead has shown a strong upward trend, with the spread between spot and futures prices widening to over 200 yuan/ton. In the spot market, the price difference between the north and south regions has also expanded. In the north, the quoted price for the delivery brand against the SMM1# lead average price has risen by 100-200 yuan/ton for factory delivery, while in the south, discounts have appeared against the SMM1# lead average price, ranging from 50 yuan/ton to zero. Some suppliers have also delivered their goods to warehouses.