[SMM Lead Morning Meeting Summary: Average Consumption Performance After New Year's Day, Recent Lead Price Trends Focus on Downstream Stockpiling Before Chinese New Year]
Spot market fundamentals: On the supply side, the impact of environmental protection fluctuates, leading to significant regional differences in lead ingot supply. Coupled with the fact that battery scrap prices are more likely to rise than fall, spot transactions with premiums are the norm. On the consumption side, consumption performance after New Year's Day has been average, and the anticipated pre-Chinese New Year stockpiling has yet to materialize...


![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)
