SMM May 8 News:
From May 1 to May 7, 2026, SMM data showed that the weekly operating rate of secondary lead in four provinces in China was 27.09%, down 13.45 percentage points WoW. In Anhui and Henan, smelters suspended production and production lines underwent maintenance respectively. In Jiangsu, the shutdown of a large smelter dragged down the regional operating rate by 25.71 percentage points. In Inner Mongolia, the shutdown of a large smelter caused the regional operating rate to plunge by 57.94 percentage points. Most enterprises plan to maintain production next week. Under the volatile lead price pattern, attention should be focused on the constraining impact of raw material arrivals on production going forward.
![Secondary Lead Inventory Buildup During Holiday Trading Halt, Post-Holiday Recovery of Rigid Demand Expected to Drive Slight Destocking [SMM Secondary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
![SHFE/LME Price Ratio Pulled Back and Imports Trended Down, Secondary Crude Lead Demand Remained Weak [SMM Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/yqTpQ20251217171721.jpeg)