As of March 9, lead ingots' social inventory in China's major markets increased by 1,600 tonnes from Monday and 2,000 tonnes from last Thursday to 55,200 tonnes, according to Mysteel's survey.
Data Source: Mysteel
|
China Lead Ingots Social Inventory in Major Markets (kt) |
|||
|
District |
2023/3/9 |
Change |
Change |
|
Shanghai |
14.4 |
0.0 |
0.5 |
|
Guangdong |
5.6 |
-0.5 |
-0.9 |
|
Zhejiang |
17.3 |
1.0 |
1.0 |
|
Tianjin |
10.6 |
-0.2 |
-0.5 |
|
Jiangsu |
7.3 |
1.3 |
1.9 |
|
Data Source: Mysteel |
|||
Lead prices fluctuated and fell this week. Entering the traditional off-season, the enthusiasm of downstream enterprises for inquiries was not good, and they only replenished for rigid demand, so the inventory increased slightly this week.
Looking forward to next week, the primary lead output is expected to increase to 294,600 tonnes in March, while consumption is not improved significantly. In addition, delivery day is approaching. The social inventory may continue to increase next week.
Written by Durand Du, duxiaoyu@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com