Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly down week on week on Friday March 8, with lead leading the descent in percentage terms, while copper stocks registered a 4% gain.
Deliverable lead stocks at SHFE-approved warehouses have fallen by 928 tonnes or 3.2% since March 1 to 28,427 tonnes as of March 8. Over the week to Friday, warehouse company Guochutianwei in Shanghai had the most outflows from its sheds - 657 tonnes of lead were delivered out. While the International Lead & Zinc Study Group's (ILZSG) latest data reported the total refined lead deficit in 2018 has narrowed to 98,000 tonnes from the...