SHANGHAI, Sep 4 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dropped more than 4,700 mt from the prior week to 31,600 mt in the week ended September 4. Secondary lead smelters became less willing to sell as their raw materials inventories are running low after implementation of the new solid waste law, while lead-acid battery makers restocked on demand. In addition, a few battery makers plan to stockpile in advance for the upcoming National Day holidays.
Secondary lead supply is likely to shrink further next week as the impact of the new solid waste law on battery scrap transportation lingers.
![Holiday Factors Drive Significant Decline in Lead-Acid Battery Weekly Operating Rate [SMM Lead-Acid Battery Weekly Operating Comment]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)
![End-user procurement is weak and inventories are rising, and destocking space is limited in the short term [SMM Secondary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/TmYox20251217171721.jpeg)
![SHFE/LME Price Ratio Rebounds, Import Crude Lead Supply Activity Rises [SMM Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/riosq20251217171722.jpg)
