Lead Ingot Social Inventory Surges to 5-Month High, Exceeding 60,000 mt Post-Chinese New Year

Published: Feb 24, 2026 13:33

Save

According to SMM, as of February 24, the total social inventory of SMM lead ingots across five locations exceeded the 60,000 mt mark, rising to a five-month high. During the Chinese New Year holiday, due to varying holiday schedules among upstream and downstream enterprises, lead-acid battery enterprises had longer holidays than smelters, leading to an inventory buildup of lead ingots during the holiday period. Meanwhile, today was the delivery day for the SHFE lead 2602 contract, and suppliers relocated inventory to delivery warehouses. The post-Chinese New Year lead ingot inventory buildup doubled compared to previous years. Subsequent attention should be paid to the pace of downstream enterprise resumption of work and consumption recovery.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 mins ago

Ganzhou City Strengthens E-Bike Safety with Surprise Inspections and Collaborative Oversight

[End-Use Market Dynamics] According to the Market Supervision Administration of Ganzhou City, Jiangxi Province, to strengthen the entire chain safety supervision of e-bikes, the Market Supervision Administration of Ganxian District recently collaborated with the Ganxian Brigade of the Traffic Management Detachment of the Ganzhou Municipal Public Security Bureau to conduct surprise inspections on e-bike and three-wheeled EV sales operators, as well as driver training institutions within the jurisdiction.

6 mins ago

8 mins ago

Hainan Approves 2,193 Consumers for E-Bike Trade-In Subsidies in 2025 Program

[End-Use Market Dynamics] According to the Hainan Provincial Department of Commerce, on February 24, 2026, the department publicly released the list of individual consumers approved for the tenth batch of subsidies under the 2025 Hainan Province E-Bike Trade-In Program. A total of 2,193 individuals passed the review in this batch, with a subsidy of 500 yuan per unit.

8 mins ago

9 mins ago

Hebei Launches 2026 Vehicle Trade-in Program to Boost Quality and Efficiency

[End-Use Market Dynamics] It is reported that recently, eight departments including the Department of Commerce of Hebei Province, the Provincial Development and Reform Commission, and the Provincial Department of Industry and Information Technology jointly issued the "Notice on Improving Quality and Efficiency in the Vehicle Trade-in Program in Hebei Province for 2026." According to the notice, Hebei Province will carry out two major activities targeting individual consumers: vehicle retirement and renewal, and replacement renewal. The activities commenced on January 1, 2026, and will continue until December 31, 2026.

9 mins ago