SMM, Dec. 19:
As of December 19, 2025, weekly finished product inventories for secondary lead decreased by 240 mt WoW to 2,000 mt. Due to environmental protection-related controls, secondary lead smelters in east China implemented production cuts, leading to a temporary tightness in lead ingot supply and limited spot order availability at smelter inventories. Additionally, lead prices fluctuated at lows this week. Although downstream battery producers maintained a wait-and-see sentiment, they still engaged in bargain-hunting, which also contributed to the decline in finished product inventories at secondary lead smelters. If secondary lead production increases next week and downstream battery producers' purchasing sentiment for lead ingots remains stable, the decline in finished product inventories at secondary lead smelters is expected to slow down.
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