[SMM Lead Midday Review: Strong Wait-And-See Sentiment in Spot Market, Limited Refined Lead Transactions Today] SMM, February 5: Today, the SMM 1# lead average price increased by 225 yuan/mt compared to pre-holiday levels, reaching 16,825 yuan/mt. The spot market showed strong wait-and-see sentiment as downstream battery producers were still gradually resuming production, resulting in low purchasing interest for lead ingots...

[SMM Lead Morning Brief: LME Lead Rebounded Overnight, SHFE Lead Closed for Chinese New Year Holiday] SMM February 5 News: Overnight, LME lead opened at $1,945/mt, fluctuated rangebound during the Asian session; entered the European session fluctuating downward to a low of $1,940/mt, and rebounded with a corrective rise at the end of the session as the US dollar weakened, releasing pressure...

[SMM Lead Morning Meeting Summary: Focus on Lead Ingot Inventory Buildup and the Impact of Downstream Resumption Progress on Lead Price Trends] During the Chinese New Year holiday, downstream battery producers generally suspended operations, with only a few enterprises continuing production, primarily consuming their own lead inventory. Logistics no longer supported spot transactions.

[SMM Lead Ingot Social Inventory: Inventory Buildup Expected to Rise Before Chinese New Year] With the arrival of the Chinese New Year, logistics across the country have largely ceased operations. Meanwhile, downstream enterprises have generally suspended work, with only a few companies continuing production, primarily to consume their own lead inventory. Logistics no longer support spot transactions.....

[SMM Lead Midday Review: Few Quotes for Refined Lead, Sluggish Spot Market Transactions] SMM, January 27: Today, the SMM 1# lead average price dropped by 50 yuan/mt WoW to 16,550 yuan/mt. The spot market saw weak supply and demand; suppliers have entered holiday mode, and quotes for secondary refined lead were scarce...

SMM Shanghai and Other 1# Lead Markets: SHFE Lead Maintained Fluctuate Upward, but the Spot Market Has Entered Holiday Mode SMM, January 27: Today marked the last trading day before the Chinese New Year. SHFE lead maintained a fluctuating upward trend, and the contracts showed a backwardation structure. Suppliers have basically stopped quoting...

[SMM Lead Morning Meeting Summary: Extremely Low Market Activity, Lead Prices Maintain Fluctuating Trend] As the Chinese New Year holiday approaches, the number of logistics vehicles has further decreased, nearing a complete halt. Suppliers in the Jiangsu, Zhejiang, and Shanghai markets have rarely provided quotations. On Friday morning, SHFE lead fluctuated upward, with some suppliers making final shipments, including purchases by downstream enterprises over the past two days and partial warehouse transfers to delivery warehouses.

[SMM Lead Morning Brief: US Dollar Index Rebound & Chinese New Year Holiday, Weak Lead Futures Performance Domestically and Abroad] SMM, January 27: Last Friday, LME lead opened at $1,953/mt, fluctuated upward during the Asian session; reached a high of $1,970/mt during the European session before plunging, hitting a low of $1,935.5/mt by the end of the session, and finally closed at $1,937/mt...

[SMM Analysis: Primary Lead Smelters Undergo Intensive Maintenance in January, Production Declines More Than Expected] It is understood that production cuts at primary lead smelters in January exceeded the forecast in the previous report, mainly due to unexpected maintenance or sudden equipment failures at some medium and large enterprises. Specific cases include...