Secondary Lead: Downstream wait-and-see sentiment is strong, and market trading remains sluggish [SMM Lead Daily Review]

Published: Jul 20, 2026 13:42

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SMM July 20 News:

Today, the market's uniformly suggested secondary refined lead online price remained stable. Suppliers' spot order EXW prices were at a discount of 50-0 yuan/mt against the SMM #1 lead average price, and overall trading activity was low. Downstream alloy and battery plants showed weak purchasing willingness, buyers in the market had no restocking plan and mostly waited on the sidelines, leaving spot trades sluggish. Today, the SMM secondary refined lead average price was reported at 15,725 yuan/mt, at parity with the SMM #1 lead average price. The supplier selling sentiment was 0.86, and today's secondary refined lead purchasing sentiment was 1.74 (historical data can be queried in the database).

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