SHFE STOCKS REPORT 03/07: Lead inventories climb 17.3%; tin down 3.4%

Deliverable lead stocks in Shanghai Futures Exchange-registered warehouses rose the most in percentage terms among the base metals in the week to Friday July 3, with an increase of 4,029 tonnes (17.3%) to 27,362 tonnes.

The largest inflow of lead was recorded at warehouses run by Zhongchu Wuxi in Jiangsu province, where inventories rose by 2,992 tonnes (76.1%) to 6,924 tonnes on Friday from 3,932 tonnes a week earlier. The rise in lead stocks is an indication of ample supply and weak demand for primary metal, according to market observers. “Stockpiles in SHFE...

Published

Karen Ng

July 06, 2020

03:21 GMT

Singapore