SHFE STOCKS REPORT 17/01: SHFE lead stocks fall 32% week on week amid pre-holiday restocking

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.

At 28,306 tonnes on Friday, SHFE lead stocks are down by 13,494 tonnes from the 41,800 tonnes recorded a week earlier.

Zhejiang Tianchuan in eastern China’s Zhejiang province registered the largest outflow of lead stocks this week, with 2,714 tonnes leaving its sheds....

Published

Violet Li

January 17, 2020

08:31 GMT

Shanghai