SHANGHAI, Mar 1 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 1,800 mt from last Friday February 26 to 48,500 mt as of Monday March , an SMM survey showed. This was up 3,900 mt from last Monday February 22.
Lead-acid battery producers have gradually resumed operations after the Chinese New Year (CNY) holiday, but high lead prices deterred them from restocking. Besides, the large price spread between spot and futures prices prompted some brands to deliver cargoes to social warehouses, which led to the rise in lead social inventories.
![SHFE Lead Moved Sideways Around Moving Average Intraday, Recording a Three-Day Winning Streak [Lead Futures Brief]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
![Lead Prices Fell Then Rose During the Week, Secondary Lead Premiums Diverged [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
![Smelter Raw Material Inventory Pullback Combined with Lead Price Recovery Supports Scrap Battery Purchase Prices [SMM Scrap Battery Weekly Review]](https://imgqn.smm.cn/usercenter/qnyHQ20251217171721.jpeg)
