As of March 30, lead ingots' social inventory in China's major markets decreased by 1,300 tonnes from Monday and 1,600 tonnes from last Thursday to 38,600 tonnes, according to Mysteel's survey.
Data Source: Mysteel
China Lead Ingots Social Inventory in Major Markets (kt) |
|||
District |
2023/3/30 |
Change |
Change |
Shanghai |
12.3 |
-0.5 |
-0.5 |
Guangdong |
5.5 |
0 |
-0.1 |
Zhejiang |
10 |
-0.4 |
-0.4 |
Tianjin |
5.8 |
0 |
0 |
Jiangsu |
5 |
-0.4 |
-0.6 |
Data Source: Mysteel |
Lead prices fell and purchasing enthusiasm of downstream enterprises increased, so the inventory continued to decrease this week.
Looking forward to next week, primary lead smelters are expected to produce normally, and consumption will improve as lead price fall. The social inventory may decrease slightly next week.
Written by Durand Du, duxiaoyu@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com