Lead Ingot Social Inventory is Expected to Remain Low

Published: May 19, 2023 16:38

Source: SMM

Save

According to SMM research, as of May 19, the total social inventory of SMM lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin reached 28,800 mt, a decrease of 7,400 mt from May 12 and 5,500 mt from May 15.

SHANGHAI, May19 (SMM) - According to SMM research, as of May 19, the total social inventory of SMM lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin reached 28,800 mt, a decrease of 7,400 mt from May 12 and 5,500 mt from May 15.

According to the research, with the end of the delivery of the SHFE 2305 lead contract, the goods flowed back to the market and thus the lead prices declined at the begining of the week. As most enterprises purchased as needed, the lead ingot inventory declined. In addition, some primary lead smelters' maintenance plan in mid-May also tightened the supply, especially the supply of deliverable goods. Therefore, the lead ingot inventory is expected to remain low with further downside potential.

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

8 hours ago

Bunker Hill Advances Lead-Zinc Mine Restart, Targeting Commercial Production by End-2026

Bunker Hill Mining announced on September 1 that its Bunker Hill lead-zinc mine in Idaho, USA, produced its first lead and zinc concentrates in late June 2026. The operation is currently ramping up, with ongoing optimisation of underground mining and processing operations. The processing plant has a design capacity of 1,800 tonnes per day, with planned combined annual output of approximately 85,000 tonnes of zinc concentrate and silver-bearing lead concentrate. The company plans to supplement working capital through standby financing and concentrate prepayment arrangements, targeting full commercial production by the end of 2026. SMM forecasts the mine’s 2026 output at approximately 25,000 tonnes of zinc in concentrate and 10,000–15,000 tonnes of lead in concentrate, both on a contained-metal basis. Meanwhile, recent underground drilling at the Cate-8 mineralised zone returned maximum sample grades of 41.1% lead and 7.41% zinc. The company is assessing the feasibility of incorporating the zone into its near-term mine plan. As production ramps up, the mine is expected to provide incremental lead and zinc supply to North America.

8 hours ago

12 hours ago

SHFE lead edges down 0.03% with a long upper shadow, consolidation at highs remains intact [Lead Futures Brief Comment]

12 hours ago

14 hours ago

Data: SHFE, DCE market movement (Sep 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2026

14 hours ago