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.
![The Loss-Making Trend in Secondary Lead Continued, with Most Smelters Taking Holidays and Halting Shipments [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)

![Downstream Production Halts and Logistics Suspensions Lead to Inventory Accumulation at Primary Lead Smelters [SMM Primary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/rDPju20251217171722.jpg)
