SMM June 12 News:
As of June 11, secondary lead finished product inventories stood at 20,400 mt, down 2,550 mt WoW from June 4. Lead prices pulled back significantly this week, prompting battery enterprises to restock on dips for rigid demand, driving inventory destocking. However, end-user new battery orders were weak, overall purchase willingness was soft, and the degree of destocking was limited. If lead prices remain weak next week, smelter production will decline further, and coupled with downstream production halts due to the Dragon Boat Festival holiday, market supply and demand will contract simultaneously. Secondary lead finished product inventories are expected to avoid a significant inventory buildup.
![Lead Market Purchases and Sales Steady, Lead Futures Swing Wildly [SMM Lead Morning News]](https://imgqn.smm.cn/usercenter/ojSqv20251217171720.jpeg)
![Lead Prices Weaken, Downstream Restocking on Demand, Smelters Cautious in Shipments, Spot Cargo Trend Firm [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/riosq20251217171722.jpg)
![Macro Situation Changes Frequently; Fundamentals Remain Firm: Subsequent Lead Prices May Dip and Then Rebound [SMM Lead Market Weekly Forecast]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
