Stable deliveries from smelters expand lead social inventories

Published: May 10, 2019 17:07

Save

SMM expects social inventories to hold stable next week as maintenance affect supplies

SHANGHAI, May 10 (SMM) – Overall social inventories of refined lead in China, including primary and secondary materials, increased this week as stable deliveries from smelters during the Labour Day holiday expanded stocks.

SMM data showed that lead social inventories climbed some 3,300 mt from Friday April 26 and came in at 35,700 mt as of Friday May 10. Stocks across Shanghai and Guangdong grew some 1,000 m to stand at 8,600 mt. As of April 26, stocks have decreased for four consecutive weeks.

This week, lower prices of lead reduced the inclination to destock across sellers, and bolstered premiums of domestic common brands to 100-150 yuan/mt against the SHFE June contract.

Downstream consumption remained sluggish as lead-acid battery producers purchased cautiously. Some battery mills favoured cheap cargoes from smelters and this failed to deplete stocks across social warehouses.

SMM expects the social inventories to hold stable next week as maintenance across primary smelters affects supplies. Delivery day is due next Wednesday.

Inventory data Lead

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

SMM April 2 Automotive Battery Market Summary [SMM Evening News]

9 hours ago

LME Lifts Suspension on Umicore Lead Brands, to Be Rejected for Warranting from April 2026

[Developments in the Outside-China Lead Market] According to Notice No. 26,094-96 issued by the LME, the suspension of trading in the UMICORE 99.99, 99.985, and 99.97 lead brands produced by Umicore has been lifted, and these brands will continue to be used for warrant transactions on the London Metal Exchange (LME). It was reported that, according to Notice No. 26 005-007 issued by the LME on January 2, 2026, effective April 2, 2026, the three lead ingot brands produced by Umicore will no longer be accepted for warranting by the London Metal Exchange (LME).

9 hours ago

10 hours ago

Changan Automobile Rolls Out First Locally Made Vehicles in Brazil, Marking New Milestone in Sino-Brazil Cooperation

[Automotive Market Updates] It was reported that on the highly automated production line jointly developed by Changan Automobile and its partner, the CAOA Group, the first batch of locally manufactured Changan vehicles in Brazil slowly rolled off the line. Recently, Changan Automobile's Brazil plant, located in Anápolis, Goiás, officially commenced production, marking a new milestone in China-Brazil industrial cooperation. In addition, Changan Automobile's products have entered 118 countries and regions worldwide, and the company has 76 factories outside China.

10 hours ago