Social inventories of lead ingots shrank 700 mt over weekend

Published: Jan 18, 2021 15:30

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin fell 700 mt from last Friday January 15 to 55,800 mt as of Monday January 18, an SMM survey showed. The stocks were down 1,100 mt from last Monday January 11.

SHANGHAI, Jan 18 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin fell 700 mt from last Friday January 15 to 55,800 mt as of Monday January 18, an SMM survey showed. The stocks were down 1,100 mt from last Monday January 11.

Considering the difference in logistics and production time before and after the Chinese New Year, downstream lead acid battery companies are in a state of stockpiling before the holiday. Secondary lead companies continue to reduce their stocks, and social inventories of lead ingots continues to decline. In addition, some secondary lead companies in Hebei, Inner Mongolia, Jiangxi and other regions will gradually suspend production for holidays after January 20. Follow-up supply is likely to be further tightened, and social inventories of lead ingots are expected to continue to decline.

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

1 hour ago

Zhongjin Lingnan: Fankou lead-zinc mine to resume production from September 17

Zhongjin Lingnan announced that its Fankou lead-zinc mine has completed rectification in accordance with the relevant work requirements of the Guangdong Provincial Department of Emergency Management, and has passed the acceptance inspections by higher-level safety regulatory authorities at each level. Production will resume from September 17, 2026. The company previously disclosed that at approximately 9:45 a.m. on August 1, 2026, a roof fall accident occurred in an underground stope access at the Fankou lead-zinc mine, resulting in one fatality. After the accident, the company received the "Notice on Ordering the Fankou Lead-Zinc Mine to Suspend Production" issued by the Shaoguan Emergency Management Bureau, and the Fankou lead-zinc mine suspended production in accordance with the notice.

1 hour ago

2 hours ago

US Fed Rate Hike Lands, LME Lead and SHFE Lead Bottom Out [SMM Lead Morning Brief]

2 hours ago

US Fed rate hike lands, lead rises instead of falling; spot lead prices expected to stabilize on the stronger side today [SMM Lead Morning Meeting Summary]

2 hours ago