SMM7 March 23: today's electric lead plate (externalization) reported 17200 Mel 17450 yuan / ton. the consumption of the battery market is stable, and due to the expected existence of the peak season, the operating rate of scale battery enterprises is mostly 70Mel 80%.

![[SMM Analysis]Falling Inventories and Spot Premiums: Inflection Point Has Arrived for Lead Market](https://imgqn.smm.cn/usercenter/TmYox20251217171721.jpeg)
![SHFE lead stabilizes and closes up 0.60%, awaiting the US Fed rate hike [Lead Futures Brief Comment]](https://imgqn.smm.cn/usercenter/rDPju20251217171722.jpg)
