After Delivered the SHFE Contract, the Lead Ingot Social Inventories Changed from Increase to Decrease

Published: May 20, 2022 17:43

Source: SMM

Save

As of May 20, SMM total social inventories of lead ingots across five regions increased to 99,300 mt, up 1,700 mt from last Friday (May 16) and down 9,300 mt from last Monday (May 16).

SHANGHAI, May 20 (SMM) – As of May 20, SMM total social inventories of lead ingots across five regions increased to 99,300 mt, up 1,700 mt from last Friday (May 16) and down 9,300 mt from last Monday (May 16). According to the survey, due to the SHFE lead contract delivery at the beginning of the week, the deliverable good arrived at the warehouse, hence the lead ingot social inventories exceeded 10,000 mt.

At the same time, primary lead and secondary lead smelters were unwilling to ship as the lead prices declined slightly and the secondary lead prices were close to battery cost. Most downstream companies purchased as needed at lows. As the secondary lead prices were higher than the refined lead prices, the downstream turned to the trade market. As a result, the inventory of lead ingots decreased significantly from the beginning of the week. In addition, the off-season of the battery market will not change during next week, so the downstream enterprises have limited demand. In addition, the supply of lead ingots may be tightened due to factors such as environmental protection and safety rectification. As a result, the lead ingot social inventories may continue to decline.

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 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

13 hours ago

Tianjin Sabo Recalls 100 E-Bikes Over Safety Concerns

[Lead-Acid Battery End-Use Market Update] Recently, in accordance with the requirements of the Interim Provisions on the Administration of Consumer Product Recalls, Tianjin Sabo Vehicle Co., Ltd. voluntarily submitted a recall plan to the Tianjin Municipal Administration for Market Regulation and will recall, effective immediately, 100 units of the Jiebao Da Wangpai model TDT200Z e-bikes manufactured during the period up to December 31, 2023.

13 hours ago

14 hours ago

Dragged Down by Broad Losses in Base Metals, Lead Prices Closed Lower Intraday [Lead Futures Brief Review]

14 hours ago

Chilwee Group Reports Strong Sales of Sodium-Ion Batteries, Expands Production and Opens First Store

[Lead-Acid Battery Enterprise Updates] Chilwee Group recently disclosed that after the large-scale commissioning of its sodium-ion batteries, they have continued to sell strongly, with all orders for this year already locked in. Its two existing production lines have been operating at full capacity, and eight additional production lines have entered the installation and commissioning stage. At present, the company has 4.5 Gwh of sodium-ion battery capacity and opened its first directly operated sodium-ion battery store in 2025, attempting to directly encourage end-use consumers to replace the lead-acid or lithium batteries in some two-wheeler models with sodium-ion batteries.

14 hours ago