SHANGHAI, Nov 13 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded about 5,200 mt from the prior week to 35,200 mt as of Friday November 13.
As lead prices increased this week losses at secondary lead smelters recovered, and some secondary smelters started to restore production. Meanwhile, refined lead smelters also recovered from maintenance. But downstream consumption was tepid as battery makers were cautious about restocking as they still had feedstock inventories on hand. In addition, some sellers tended to deliver cargoes to social warehouses rather than selling at deep discounts.
Lead social inventories are likely to rise further next week as resumed smelters may step up production while consumption may remain sluggish.
![Con la llegada del Festival del Medio Otoño y el Día Nacional, ¿cuáles son los planes de vacaciones de las empresas de baterías de plomo-ácido en 2026? [Análisis de SMM]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)
![¿Cómo serán los calendarios de vacaciones y el ritmo de compra/venta de los recicladores de baterías de desecho durante el doble feriado del Festival del Medio Otoño y el Día Nacional de 2026? [Análisis de SMM]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
