SMM Research: Supply and demand both increase as lead ingot social inventories stop falling and turn to rise
According to research, some primary lead smelters resumed production after maintenance this week, while Anhui recycled lead smelters resumed normal production after the end of haze-related production restrictions. Despite the local issuance of haze warnings again on Thursday, it did not change the trend of increasing lead ingot supply this week. In terms of lead consumption, amidst rising lead prices...
![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)
