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Secondary Lead: Downstream Buying Sentiment Has Improved, but Suppliers' Willingness to Sell Is Poor [SMM Lead Daily Review]

Published: Jul 15, 2026 13:15

SMM News on July 15:

The market mainstream suggested lowering the online price of secondary refined lead by 200 yuan/mt. Downstream enterprises targeted a delivered price of 14,450 yuan/mt, believing the decline was sufficient, and made small-volume buy the dip purchases at low levels. Upstream suppliers resisted steep price cuts, and some held back from selling; spot orders were mostly ex-works at parity or a discount of 25 yuan/mt, with only long-established customers picking up small volumes. Overall transactions were average, and most traders only quoted prices and stayed on the sidelines, highlighting a pronounced market stalemate. Today, the SMM secondary refined lead average price was reported at 15,550 yuan/mt, a premium of 25 yuan/mt over the SMM #1 lead average price. Suppliers’ sentiment for shipments was 0.41, and today’s secondary refined lead purchasing sentiment was 2.83 (historical data can be queried by logging into the database).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

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Secondary Lead: Downstream Buying Sentiment Has Improved, but Suppliers' Willingness to Sell Is Poor [SMM Lead Daily Review] - Shanghai Metals Market (SMM)