SHFE STOCKS REPORT 01/06: Lead stocks continue to drop on tightened supply

Lead stocks in Shanghai Futures Exchange-approved warehouses fell to 10,967 tonnes in the week to Friday June 1, down 13% or 1,709 tonnes from last week’s 12,676 tonnes.

This week, Zhongchu Wuxi recorded the most lead stock withdrawals, with 1,257 tonnes leaving its sheds. The demand-supply imbalance and subsequent deficit were credited for the drop in lead inventory. The stringent environmental regulations in China that came into effect in March shut down many off-grade secondary lead factories, which led to...

Published

Hui Li

June 01, 2018

11:41 GMT

Shanghai