MYMETAL: China’s domestic end-users build up lead stocks
Jan 20, 2021 09:30
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Chinese consumers of lead, mainly lead-acid storage battery manufacturers, have become more active in building up their internal lead stocks prior to the Chinese New Year (CNY) holiday over February 11-17. The inventory build, together with the tighter supplies of the metal, have lent support to domestic lead prices, according to the latest survey from Mymetal, Mysteel’s nonferrous metals data collection arm.
“Now is the time for end-users to restock additional raw materials tonnage to last them through the CNY break, as spot trading will be temporarily suspended during the holiday. Transportation, especially using trucks, will also gradually tighten in the next several weeks till the end of the holiday,” a Shanghai-based