Lead Prices to Face Pressure, Weaken Post-Holiday Amid Supply Changes

Published: Sep 26, 2025 18:18

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[Lead Price Forecast Information] Next week, there will be only two trading days due to the National Day holiday. Downstream enterprises are about to go on holiday, and lead smelters are actively clearing pre-holiday inventory; the destocking speed of lead ingots may slow down later. In addition, the import window for lead ingots has opened, and some downstream or lead smelting enterprises have pre-ordered imported lead ingots arriving in October. Lead prices in October may come under pressure and weaken. Before the concentrated production resumptions of secondary lead enterprises and the arrival of imported lead, lead prices are expected to maintain a consolidation trend. However, after the supply increment materializes, the lead price trend is likely to turn weaker.

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