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

Published: Jul 15, 2026 13:15

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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).

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