Core Viewpoint - The record orders placed on the London Metal Exchange (LME) warehouses in Singapore have not led to a significant increase in lead prices, which have declined due to high global inventory levels [1] Group 1: Inventory and Market Dynamics - LME reported that 117,550 tons of lead inventory are marked for immediate delivery, the highest level since 1997 [1] - Global lead inventory is nearing a 12-year high, indicating a supply surplus in the market [1] - The majority of orders are coming from Singapore, where lead inventory has surged to unprecedented levels this year [1] Group 2: Demand and Supply Factors - Marex strategist Alastair Munro noted that the record inventory does not indicate a sudden surge in demand [1] - The increase in Singapore's reserves is attributed to a decline in demand from the automotive industry, leading to an oversupply of lead [1] - High logistics and labor costs are making it expensive for traders or manufacturers to transport metal out of Singapore [1]
LME新加坡仓库创纪录铅订单 但库存高企压制铅价不涨反跌
智通财经网·2025-10-10 14:05