Social inventories of lead ingots surged 9,500 mt this week

Published: Dec 11, 2020 15:31

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 9,500 mt from the prior week to 50,000 mt as of Friday December 11.

SHANGHAI, Dec 11 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 9,500 mt from the prior week to 50,000 mt as of Friday December 11.

As new secondary lead capacity in Anhui and Tianjin came online, lead supply rose significantly, but battery makers in December have purchased lead ingots only as required in order to recoup funds. Meanwhile, discounts of spot lead against the SHFE 2101 lead contract expanded to 100-50 yuan/mt as of December 11, which prompted sellers to deliver cargoes to social warehouses.

Lead social inventories are likely to continue to build up next week as new secondary lead capacity is likely to rise further.

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

5 hours ago

Korea Zinc to Invest $6.6B in U.S. Critical Minerals Project

South Korea’s Korea Zinc plans to invest $6.6 billion to develop a major critical minerals smelter and U.S. headquarters in Tennessee, marking the state’s largest-ever private investment. The project will span Clarksville and Gordonsville, including a new manufacturing facility and the reopening of a former mine. The integrated smelter will produce 13 nonferrous metals such as zinc, copper, and lead, supporting key industries including defense, aerospace, and automotive. The project is expected to create over 740 jobs and reduce U.S. reliance on China for critical minerals. Developed in partnership with the U.S. government, which may take a 40% stake, construction is scheduled to begin in 2027, with site preparation starting in 2026.

5 hours ago

Lead Prices Surge, Battery Makers Hesitant to Buy High-Cost Supplies

[Secondary Lead Market Dynamics] Lead prices rose significantly. Downstream battery producers showed poor acceptance of high-priced supplies, and secondary refined lead offered at a premium of 25 yuan/mt against the SMM #1 lead average price delivered to plant was difficult to sell. Most downstream enterprises indicated that they were not short of supplies at present, with low purchase willingness.

5 hours ago

Data: SHFE, DCE market movement (Apr 08)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 Apr , 2026

5 hours ago