[SMM Survey: Warehouse Delivery Overlaps with Downstream Holidays, Leading to a One-Month High in Lead Ingot Social Inventory]
According to the survey, on the first trading day after the Mid-Autumn Festival, the Shanghai Lead 2409 contract witnessed delivery. Due to the factor of holders delivering to warehouses, the arrival of lead ingots in social warehouses increased during the holiday, pushing the overall inventory level to a one-month high. Meanwhile.....

![LME chumbo rebate e fecha em alta de 0,45%, SHFE chumbo luta para acompanhar, sessão noturna termina com um pequeno candle de baixa [Atualização Matinal de Chumbo da SMM]](https://imgqn.smm.cn/usercenter/PKFMX20251217171721.jpg)
![Estoque social volta a aumentar; preços do chumbo permanecem estagnados em patamares elevados com desaceleração nos ganhos [Resumo da reunião matinal da SMM sobre chumbo]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)
