Social inventories of lead ingots increased 6,900 mt this week

Published: Dec 18, 2020 15:08 (GMT+8)

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 6,900mt from the prior week to 57,100 mt mt as of Friday December 18.

SHANGHAI, Dec 18 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 6,900mt from the prior week to 57,100 mt mt as of Friday December 18.

A secondary lead smelter in Anhui with annual capacity of 100,000 mt came online this week, and arrivals of cargoes at social warehouses further increased after delivery. Lead prices weakened at the start of the week, with the most-active SHFE 2101 lead contract at one point falling below 14,500 yuan/mt, and this encouraged downstream users to restock. Improved demand from downstream buyers slowed the rise in lead social inventories.

Next week, issues like heavy air pollution in north China and power supply shortages in the south will be monitored, and the increase in lead social inventories are expected to further slow.

Inventory data Lead ingots

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 for 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

8 hours ago

BMC Minerals reports further expansion of polymetallic mineralisation at Rhyolite Peak

BMC Minerals reported on October 5 that polymetallic mineralisation at the Rhyolite Peak target within its Kudz Ze Kayah project in Yukon, Canada, had been further extended. Rhyolite Peak is a silver-zinc-gold-copper-lead exploration target located near the proposed ABM mine. The update remains an exploration-stage drilling development and does not constitute a new Mineral Resource, Ore Reserve or production change.

8 hours ago

【Flash | DOWA’s H2 Zinc Plan Rises 27%, Potentially Supporting Indium Recovery】

DOWA Holdings plans to produce 113,543 tonnes of zinc in H2 FY2026, up 27.0% from its H1 plan of 89,373 tonnes and 26.8% from the 89,525 tonnes produced in H2 FY2025. Its Akita Zinc operation uses the hematite process to recover indium and other valuable metals at high yields and integrates zinc smelting with rare-metal production and recycling. Higher planned zinc output may increase feed throughput for by-product indium recovery. However, DOWA disclosed no indium production target, and any supply increase will depend on feed grades, recovery rates and operating schedules rather than zinc volumes alone.

8 hours ago

9 hours ago

【SMM Flash News】Red Hill Announces Start of a 1,700-Metre Diamond Drilling Program at Broken Hill.

On October 5, Red Hill Minerals announced the start of a planned 1,700-metre diamond drilling program at Broken Hill in New South Wales, Australia. Broken Hill forms part of the Curnamona exploration joint venture, whose target commodities include zinc, lead and silver.

9 hours ago