Base metal inventories on the Shanghai Futures Exchange (SHFE) were mostly lower on Friday October 26 from a week earlier, with lead stocks almost halving since last Friday.
Deliverable lead stocks at SHFE-approved warehouses dropped by 4,942 tonnes or 44.6% week on week to 6,139 tonnes.This week Zhejiang Tainchuan saw the most stock leaving the sheds - 1,892 tonnes of the metal were delivered out. The sharp decrease raised concerns about short-term supply...