In April, raw material inventory at domestic lead smelters averaged 19.15 days of production, a month-on-month decrease of 1.38 days.
According to SMM survey, the supply and demand of the domestic lead ore market both increased in April. Some smelters slightly reduced or stopped production for maintenance due to tight raw material supply. The impact of production cuts at overseas mines has not yet abated, with almost no lead ore shipments arriving in April and May. Crude lead smelters in Hunan Province reduced production due to environmental protection inspections, and the number of days of raw material inventory at some smelters briefly declined.

![Chumbo na LME sob pressão recuou 0,86%, chumbo na SHFE acompanhou a queda na sessão noturna, mantendo a banda média de Bollinger [SMM Lead Morning News]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![SHFE e LME corrigem em conjunto, preços do chumbo consolidam em máximas em meio à redução de estoques e preços firmes [Atas da Reunião Matinal de Chumbo da SMM]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
