Lead Ingot Social Inventory Down 10,600 mt on Week

Published: Nov 05, 2021 15:20 (GMT+8)

Save

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 10,600 mt from October 29 and 7,800 mt from November 1 to 170,000 mt as of November 5.

SHANGHAI, Nov 5 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 10,600 mt from October 29 and 7,800 mt from November 1 to 170,000 mt as of November 5.

According to SMM survey, the power rationing in Henan was lifted this week, but major secondary lead smelters in Anhui are forced to suspend production due to the temporary power outage on the line transformation. At the same time, Hebei suspended production due to the air pollution control, reducing lead ingot transportation to surrounding consumption areas. Downstream companies turn to consume social stocks. In addition, the delivery is about to undergo next week. On the one hand, the temporary power outage in Anhui was eased, and the air pollution control in Hebei is about to be lifted. Lead ingot supply is expected to recover. The decline of lead ingots is likely to slow as some to-be-delivered cargoes will arrive at the delivery warehouses approaching the delivery date.

lead lead ingot inventory

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

10 hours ago

【Flash | Lumentum Commits $87 Million to Secure AXT’s InP Wafer Capacity Through 2031】

AXT and Lumentum signed a binding capacity reservation agreement for Indium Phosphide (InP) wafer substrates through December 31, 2031. AXT will reserve minimum annual product capacity and support additional capacity, while Lumentum will provide two $43.5 million deposits, totaling $87 million, to be applied as shipment credits. Lumentum is liable for annual purchase shortfalls, subject to specified exceptions, while AXT’s failure to deliver minimum capacity constitutes a material breach. SMM views the six-year commitment as a firm demand signal for InP substrates and high-purity indium. Wafer volumes, diameter mix and corresponding indium consumption were not disclosed.

10 hours ago

14 hours ago

【Flash | Semtech Adds Cleanroom Space as InP Photonics Demand Ramps】

Semtech said in its Aug. 25 earnings presentation that its data-center photonics portfolio spans gain chips, high-power CW lasers, SOAs and high-speed photodiodes, while it has secured FY2027 equipment deliveries and acquired additional cleanroom space. Semtech acquired HieFo in March, adding US-based InP gain-chip and DFB-laser manufacturing. Q2 FY2027 data-center sales reached $100 million, up 39% QoQ and 91% YoY; Q3 sales are targeted to rise 45% QoQ and 160% YoY. SMM believes the buildout supports medium-term demand for InP and high-purity indium, although no nameplate capacity or indium consumption was disclosed.

14 hours ago

【SMM Flash News】Bunker Hill Adds Metal Recovery Criteria to Its Year-End Commercial Production Target

Bunker Hill said on October 5 that its Idaho zinc-lead-silver mine remained on track to achieve commercial production by year-end 2026. The revised criteria require throughput of at least 65% of the plant’s 1,800-tonne-per-day nameplate capacity, alongside zinc, lead and silver recoveries of at least 70%, for 60 consecutive days. A 10-hole, 975-metre surface drilling programme has also started at Page.

14 hours ago