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 prices weaken, raw material costs stay firm, and smelter losses continue [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![Multiple Factors Drive Significant Decline in Primary Lead Enterprise Inventory [SMM Primary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
![After Lead Prices Fall, Battery Companies Engage in Both Dip-Buying and Battery Sales Promotions [SMM Lead-Acid Battery Market Weekly Review]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
