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....


Violet Li

January 17, 2020

08:31 GMT