Published: Jan 26, 2024 20:40
Before the festival, downstream concentration of reserve for lead was beneficial but now depleted, the pace of lead ingot destocking has slowed, and with less than half a month until the Spring Festival holiday, upstream and downstream enterprises in the lead industry chain have begun to reduce production and take holidays one after another. Next week, battery enterprises will take a more concentrated holiday, leading to a consumption shortage and an expected rise in lead prices. Additionally, lead smelting enterprises are still in the process of stockpiling raw materials such as the price of waste batteries.

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