SMM Research: Stage supply and demand decrease Lead ingot social inventory turns into a small increase trend
According to the research, this week's lead ingot supply and demand have both decreased. On the supply side, there are more maintenance inspections in primary lead smelters, while production in recycled lead smelters is limited by insufficient waste materials, leading to production cuts and shutdowns. At the same time, entering the late December, the year-end capital withdrawal factor has prompted upstream and downstream enterprises to actively reduce inventory...
![SHFE lead edges down 0.03% with a long upper shadow, consolidation at highs remains intact [Lead Futures Brief Comment]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)

![September 2 Scrap Battery Market Transaction Summary [SMM Daily Review]](https://imgqn.smm.cn/usercenter/ojSqv20251217171720.jpeg)
