Consumption Absent During Holiday Period, Primary Lead Enterprise Inventory Accumulated [SMM Primary Lead Inventory Weekly Review]

Published: May 8, 2026 16:25

          As of May 7, the in-factory inventory of major primary lead delivery brands was 20,300 mt, an increase of 5,300 mt WoW.

This week, primary lead smelter production was stable with a slight upward trend. However, due to the Labour Day holiday, downstream enterprises were generally on holiday, leading to a temporary absence of lead consumption. Even though downstream enterprises purchased on demand after the holiday and suppliers transferred lead ingots to delivery warehouses, in-factory inventory of primary lead enterprises still accumulated compared to pre-holiday levels. Next week, as the SHFE lead delivery date approaches, suppliers will continue to transfer lead ingots, and the in-factory inventory pressure on primary lead enterprises is expected to ease going forward.

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.

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