Downstream enterprises halted procurement, secondary lead inventory accumulation became evident [SMM Secondary Lead Inventory Weekly Review]

Published: Feb 13, 2026 13:25

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SMM, February 13:

Downstream battery producers showed weak procurement sentiment this week, with most already entering the holiday period. Secondary lead smelters faced sluggish shipments, and weekly finished product inventories increased by 15,100 mt to 41,000 mt. With the Chinese New Year holiday approaching, downstream purchasing has halted and logistics have slowed and tightened. SMM expects finished product inventories to maintain an upward trend next week, but due to an increase in smelters reducing or halting production, the pace of inventory buildup is expected to be relatively slow.

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