Spot Lead Market Weakens Amid Inventory Build-up in Primary Smelters, Regional Disparities Emerge

Published: Aug 19, 2024 09:58

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[SMM Analysis: Spot Lead Prices Fluctuate Weakly, with Inventory Accumulation in Primary Lead Smelters in Some Regions?] Last week (August 12-16), the main 2409 contract of Shanghai Lead weakened midweek, with strong wait-and-see sentiments in the spot market. The downstream market generally saw slight declines, and cautious purchasing led to overall subdued trading. Social inventories increased slightly, and at the same time, non-branded lead and secondary refined lead smelters in some regions also faced pressure from inventory accumulation. Some manufacturers expanded their discounts and sold off, resulting in significant regional differences...

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