SMM Weekly Operating Rate of Primary Lead Smelters (March 27, 2026-April 2, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

This week (March 27-April 2, 2026), the average operating rate of primary lead smelters in the three provinces was 62.05%, down 0.76 percentage points WoW from the previous week. This week, after a small-to-medium-sized smelter in Henan suspended production for maintenance, production in the region recorded a MoM decline, and the operating rate in Henan continued its downward trend. Operating activity in Hunan remained stable this week, while in Yunnan, one smelter cut production due to maintenance and another slightly increased output after resuming from maintenance, resulting in a slight decline in the operating rate in Yunnan this week. In addition, some small smelters in Yunnan and Hunan still had no expectations for resumption due to factors such as raw materials and downstream orders, while a smelter in Yunnan that had previously delayed maintenance is expected to resume production next week.