[SMM Analysis: Social Inventory of Lead Ingot Continues to Increase as Delivery Period Approaches] SMM News on July 10: According to SMM, as of July 10, the total social inventory of lead ingot in five regions tracked by SMM reached 61,100 mt, an increase of 4,200 mt from July 3 and 3,200 mt from July 7.

[SMM Social Inventory of Lead Ingots: Social Inventory of Lead Ingots Continues to Increase as Delivery Period Approaches] This week, maintenance and new capacity commissioning coexisted in primary lead smelters, leading to a slight increase in supply. Meanwhile, lead prices fluctuated at highs, and suppliers mostly sold at discounts. Quotations for warehouse supplies in Jiangsu, Zhejiang, and Shanghai were at discounts of 80-20 yuan/mt against the SHFE lead 2508 contract.....

[SMM Shanghai and Other No.1 Lead Markets: SHFE Lead Holds Up Well, Spot Market Transactions Are Uneven] SMM July 10 News: In the Shanghai market, Chihong and Honglu lead are priced at 17,160-17,220 yuan/mt, with quotes at a discount of 60-20 yuan/mt against the SHFE lead 2508 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead are priced at 17,180-17,220 yuan/mt, with quotes at a discount of 40-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead holds up well, with suppliers quoting prices in line with the market, and the discount quotes are basically stable...

[SMM Lead Morning Brief: LME Lead and SHFE Lead Consolidate at Highs amid Interplay of Factors Such as Tariffs and Costs] SMM reported on July 10: Overnight, LME lead opened at $2,043.5/mt. With the US tariff risk still lingering, LME lead fluctuated downward during the Asian session, until it traded near $2,035/mt during the European session...

[SMM Lead Morning Meeting Summary: Tight Raw Material Supply and Rising Costs, Lead Prices May Continue to Fluctuate at Highs in the Short Term] The latest minutes of the June meeting released by the US Fed showed that officials' differences over the interest rate outlook were becoming increasingly apparent, mainly due to their differing expectations on how tariffs might affect inflation. In July, the lead market is expected to see an increase in both supply and demand, but the growth rates of both are relatively slow...

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Rebound with Increasing Regional Disparities in Spot Cargo Transactions] SMM News on July 9: In the Shanghai market, Chihong and Honglu lead were priced at 17,165-17,205 yuan/mt, quoted at a discount of 60-20 yuan/mt against the SHFE lead 2508 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,185-17,205 yuan/mt, quoted at a discount of 40-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead prices stopped falling and rebounded, with suppliers actively expanding discounts to sell spot cargo...