Lead inventory on the Shanghai Futures Exchange increased by 4% week on week as of Friday July 5 amid weak domestic consumption in China.
Deliverable lead stocks at SHFE-approved warehouses rose by 1,226 tonnes to 31,982 tonnes in the week to July 5. The largest inflow of lead this week was registered at Zhongchu Wuxi in Jiangsu province, with 21,042 tonnes of the metal entering its warehouse. The rise in SHFE lead inventories was mainly attributed to weak consumption from downstream...