SHANGHAI, Jan 11 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin fell 2,000 mt from last Friday January 8 to 56,900 mt as of Monday January 11, an SMM surveyed showed.
The cold weather and Covid-induced transport restrictions slowed shipments to social warehouses. Besides, falling lead prices deterred smelters from selling. As of January 11, discounts of secondary lead narrowed to 100-150 yuan/mt, ex-works, against the average price of SMM 1# lead. Some downstream users switched to the trade market. Secondary lead smelters in Inner Mongolia and Hebei suspended production from this week due to the COVID-19 outbreak and shortages of battery scrap.
![Le plomb au SHFE a dérivé en baisse, entraîné par le secteur ; le bras de fer à court terme entre vendeurs et acheteurs a limité le repli [Brève sur les contrats à terme sur le plomb]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![Double pression des matières premières et des pertes, échanges généralement faibles sur le marché du plomb brut secondaire [Revue hebdomadaire SMM du plomb brut secondaire]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![Taux d'exploitation hebdomadaire des fonderies de plomb primaire SMM (7-13 août 2026) [Revue hebdomadaire du taux d'exploitation du plomb primaire SMM]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
