SHANGHAI, Feb 22 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 1,100 mt from last Thursday February 18 to 44,500 mt as of Monday February 22, an SMM survey showed.
Most of the downstream lead-acid battery makers restored operations from February 19, but their demand for lead ingots was not strong as they kept low operating rates at the beginning of resumption. Besides, the price spread between spot and futures prices expanded as lead prices rose close to the 16,000 mark, which prompted some traders to delivery cargoes to social warehouses.
![El plomo de la SHFE cedió terreno, arrastrado por el sector; el tira y afloja a corto plazo entre vendedores y compradores limitó la caída [Informe breve de futuros del plomo].](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![Doble presión de materias primas y pérdidas; la actividad del mercado secundario de plomo crudo es generalmente débil [Revisión semanal de plomo crudo secundario de SMM].](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![Tasa semanal de operación de las fundiciones de plomo primario de SMM (del 7 al 13 de agosto de 2026) [Revisión semanal de la tasa de operación de plomo primario de SMM]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
