Holiday Factors Dragged Down Procurement, Secondary Lead Finished Product Inventories Maintained Tight Balance [SMM Secondary Lead Inventory Weekly Review]

SMM April 30 News:

As of April 30, secondary lead finished product inventories stood at 18,000 mt, edging up 320 mt from April 23. Downstream enterprises largely completed their earlier stockpiling, and purchase willingness was subdued this week ahead of the holiday, driving a slight inventory buildup in finished product inventories. Looking ahead to next week, multiple secondary lead smelters plan to halt production for maintenance, and supply tightens; meanwhile, downstream enterprises will also enter the holiday with weak demand, and secondary lead inventory is expected to maintain a tight balance.