SHANGHAI, Nov 13 (SMM) – Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded about 5,200 mt from the prior week to 35,200 mt as of Friday November 13.
As lead prices increased this week losses at secondary lead smelters recovered, and some secondary smelters started to restore production. Meanwhile, refined lead smelters also recovered from maintenance. But downstream consumption was tepid as battery makers were cautious about restocking as they still had feedstock inventories on hand. In addition, some sellers tended to deliver cargoes to social warehouses rather than selling at deep discounts.
Lead social inventories are likely to rise further next week as resumed smelters may step up production while consumption may remain sluggish.
![SHFE Chì chuyển sang hợp đồng 2701, trung tâm giao dịch tiếp tục dịch chuyển xuống thấp [Bản tin sáng chì SMM]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
![Kinh tế vĩ mô trầm lắng trong khi các yếu tố cơ bản vẫn vững vàng, giá chì dự kiến tiếp tục đi ngang trong trạng thái ảm đạm [Tóm tắt cuộc họp buổi sáng về chì của SMM]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
