SHANGHAI, Oct 23 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin shrank more than 1,700 mt from the previous week to 27,000 mt as of Friday October 23.
Some secondary lead smelters reduced production as secondary lead prices fell below cost lines, and as cheap battery scrap was in short supply. Discounts of secondary refined lead narrowed to 100 yuan/mt (ex-factory) against the average price of SMM 1# lead, driving some downstream users to refined lead.
The decline in lead social inventories is likely to halt next week as some secondary lead smelters are expected to restore production while lead consumption is tepid.
![Chênh lệch kỳ vọng mùa cao điểm xuất hiện, giá ắc quy phế liệu gần như đi ngang [Điểm tin hàng tuần ắc quy phế liệu SMM]](https://imgqn.smm.cn/usercenter/rDPju20251217171722.jpg)
![[Bên chi phí vững vàng với lợi nhuận từ sản phẩm phụ giảm; ít đơn hàng chì thứ cấp giao ngay được báo giá trong tuần này - SMM Đánh giá hàng tuần chì tinh luyện thứ cấp]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
