Social inventories of lead ingots expanded 2,500 mt over weekend

Published: May 10, 2021 16:53

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin rose 2,500 mt from last May 7 to 69,200 mt as of Monday May 10, an SMM survey showed. This was up 2,500 mt from last Monday April 26.

SHANGHAI, May 10 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin rose 2,500 mt from last Friday May 7 to 69,200 mt as of Monday May 10, an SMM survey showed. This was up 2,500 mt from last Monday April 26.

Primary and secondary lead smelters recovered from maintenance, while downstream lead-acid battery market was still in a low season. As the SHFE 2105 lead contract is to be delivered this week, cargoes have been shipped to social warehouses, which boosted social inventories. As of May 10, secondary refined lead was mainly traded at discounts of more than 500 yuan/mt, ex-works, against the average price of SMM 1# lead. Preference for secondary lead may accelerate shipments of primary lead to social warehouses.

Lead ingot Inventory data

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

6 hours ago

Overseas Geopolitical Risks Escalate LME Lead Overall Center of Operation Shifts Downward [SMM Lead Morning Brief]

[smm lead morning brief: overseas geopolitical risks escalate lme lead's overall center of gravity shifts downward] SMM March 3rd: Overnight, LME lead opened at $1962/mt. Affected by overseas geopolitical risks, the market was entangled with bullish and bearish factors, and LME lead oscillated mostly between $1970-1980/mt...

6 hours ago

Lead Ingot Destocking Boosts Lead Prices While Geopolitical Risks Persist [SMM Lead Morning Meeting Summary]

[Summary of SMM Lead Morning Meeting: Lead Ingot Destocking Boosts Lead Prices While Geopolitical Risks Persist] Iran: Will Not Negotiate with the US, Timing of Ceasefire to Be Decided by Iran, Has Not Attacked Saudi Aramco; Strait of Hormuz Closed, All Vessels Attempting to Pass Will Be Targeted. Entering the Second Week After Chinese New Year, the Majority of Domestic Lead-Acid Battery Enterprises Have Basically Resumed Operations, Lead Consumption Gradually Recovers, and on the Supply Side...

6 hours ago

19 hours ago

Analysis: With the End of Chinese New Year, How Will Primary Lead Enterprises' Production Fare in March?

[Analysis: With the End of Chinese New Year, How Will Primary Lead Enterprises' Production Fare in March?] SMM reported on March 2nd: Due to the impact of the Chinese New Year holiday and smelter maintenance, the national production of primary lead in February 2026 declined as expected, down 17.07% MoM and 1.21% YoY. The cumulative production of electrolytic lead from January to February 2026 increased by 8.39% YoY.

19 hours ago