More warehouse stock sources, lead ingot social inventory increases again

According to Mysteel’s survey and statistics, as of March 12, 2026, the social inventory of lead ingots in major markets across the country is 77.7k tons, an increase of 4k tons from March 9, and the highest level since November 18, 2024. Mysteel states that this week marks the third week after the Spring Festival, and the enthusiasm for raw material procurement by lead-acid battery manufacturers is not high. Additionally, affected by the arrival of imported lead ingots, domestic spot market performance is relatively poor, with slow destocking of finished products by lead factories. The large volume of warehouse deliveries has led to a continuous increase in social inventory.

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