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On May 8, LME lead inventories totaled 246,850 tons, a decrease of 11,950 tons from the total inventory on May 7, of which the Singapore warehouse decreased by 7,325 tons, the Kaohsiung warehouse decreased by 3,125 tons, and the Busan warehouse decreased by 1,500 tons. According to data from the General Administration of Customs, China exported 9.224 million tons of steel in April 2024, a decrease of 664,000 tons from the previous month and a month-on-month decrease of 6.7%; From January to April, a total of 35.024 million tons of steel were exported, a year-on-year increase of 27.0%.In April, China imported 658,000 tons of steel, an increase of 41,000 tons from the previous month and a month-on-month increase of 6.6%; From January to April, a total of 2.405 million tons of steel were imported, a year-on-year decrease of 3.7%. According to statistics, as of the week of May 3, soybean inventories were 4.1901 million tons, an increase of 639,300 tons, or 18%, from last week, and a year-on-year increase of 964,600 tons, an increase of 29.91%; The inventory of soybean meal was 525,100 tons, an increase of 36,600 tons, or 7.49%, from last week, and a year-on-year increase of 234,200 tons, an increase of 80.51%.