This week was the final week before the Chinese New Year. Lead-acid battery enterprises gradually began their holidays, while dealers were wrapping up final tasks. The last batch of producers and dealers will take their holidays starting February 14. As more downstream enterprises began their holidays this week, lead consumption declined significantly WoW. Some lead suppliers pre-sold lead ingot supplies for after the holiday, while downstream enterprises largely halted procurement. Apart from a few downstream enterprises with better orders, which will begin arranging long-term contract pickups once logistics resume due to slightly earlier production schedules, other enterprises will decide based on their order situations.
![Weekly Brief Review of the Lead Concentrate Market (February 23, 2026–February 27, 2026) [SMM Lead Concentrate Weekly Review]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
![Downstream enterprises primarily focused on digesting pre-holiday inventory after the holiday, with trading activity in the spot market remaining subdued. [SMM Weekly Review of the Refined Lead Spot Market]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)
![SMM Weekly Operating Rate of Primary Lead Smelters (February 20, 2026–February 26, 2026) [SMM Weekly Review of Primary Lead Operating Rates]](https://imgqn.smm.cn/usercenter/msNEk20251217171722.jpg)
