SMM Weekly Operating Rate of Secondary Lead Smelters (February 6, 2026–February 12, 2026) [SMM Lead Weekly Review]

SMM, February 13:

During the week of February 6-12, 2026, the weekly operating rate for secondary lead in four provinces monitored by SMM was 38.86%, basically flat WoW. Operating enterprises in Anhui that faced production restrictions last week due to environmental protection-related controls resumed operations this week. Notably, additional enterprises in Anhui suspended production for holidays this weekend, and the regional operating rate is expected to drop by 8.87 percentage points next week. Operating rates in Henan and Inner Mongolia remained stable. As next week falls during the Chinese New Year period, some local enterprises still have expectations for production cuts; the weekly operating rate is projected to decrease by 3-4 percentage points. This week, the operating rate in Jiangsu dropped by 6.58 percentage points due to workers leaving factories for the holiday, coupled with factors like logistics constraints and sluggish sales of finished products. The operating rate in Jiangsu is expected to decline by over 10 percentage points next week.

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