Social inventories of lead ingots shrank 2,000 mt over the weekend

Published: Jan 11, 2021 14:58 (GMT+8)

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin fell 2,000 mt from last Friday January 8 to 56,900 mt as of Monday January 11, an SMM surveyed showed.

SHANGHAI, Jan 11 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin fell 2,000 mt from last Friday January 8 to 56,900 mt as of Monday January 11, an SMM surveyed showed.

The cold weather and Covid-induced transport restrictions slowed shipments to social warehouses. Besides, falling lead prices deterred smelters from selling. As of January 11, discounts of secondary lead narrowed to 100-150 yuan/mt, ex-works, against the average price of SMM 1# lead. Some downstream users switched to the trade market. Secondary lead smelters in Inner Mongolia and Hebei suspended production from this week due to the COVID-19 outbreak and shortages of battery scrap.

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

16 hours ago

SHFE lead 2611 contract J value enters oversold territory, dips and rebounds to close with a long lower shadow [Lead Futures Brief Comment]

16 hours ago

17 hours ago

Data: SHFE, DCE market movement (Oct 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Oct , 2026

17 hours ago

20 hours ago

Secondary Lead: Few Smelter Quotes, Downstream Only Inquires Without Purchasing [SMM Lead Daily Review]

20 hours ago