[SMM Analysis: Lead Ingot Inventory Buildup as Expected Before Delivery, Follow-Up Focus on Production Trends of Secondary Lead Enterprises] SMM News on June 16: According to SMM, as of June 16, the total social inventory of lead ingots across five locations reached 56,400 mt, an increase of 3,000 mt from June 9 and an increase of 1,600 mt from June 12.

[SMM Social Inventory of Lead Ingots: Social Inventory of Lead Ingots Continues to Increase Before Delivery; Follow-up Focus on Recent Production Status of Lead Smelters] Today is the delivery day for the SHFE lead 2506 contract. Before delivery, suppliers continued to transfer lead ingots to delivery warehouses, and some social warehouses received lead ingots over the weekend, causing the social inventory of lead ingots to continue increasing. Based on the open interest of the SHFE lead 2506 contract, the delivery volume of lead ingots in this round is less than 13,000 mt.....

[SMM Lead Morning Brief: Geopolitical Tensions Escalate Overseas, LME Lead Jumps Initially and Then Pulls Back] SMM June 16 News: Last Friday, LME lead opened at $1,994.5/mt, showing a pattern of moving downwards after a higher opening. During the Asian session, LME lead fluctuated at highs and continuously attempted to break through the $2,000/mt integer mark...

[SMM Lead Morning Meeting Summary: Inventory Buildup from Delivery and Supply Reduction Coexist, Lead Prices May Maintain a Consolidation Trend] Iran launched a large-scale missile attack in retaliation, and Israel attacked Iran's largest natural gas field, with the conflict expanding to oil and gas facilities. Today, the SHFE lead 2506 contract will enter delivery, and there is still an expectation of a visible inventory buildup brought about by the transfer of lead ingots to delivery warehouses before delivery. Meanwhile, secondary lead enterprises have significantly reduced or halted production...

The SMM Imported Zinc Concentrate Index for this week is $53/dmt, with a 5.26% WoW increase. The SMM Imported Lead Concentrate average spot TC for this week is $-45/dmt.