Secondary Lead: Supply-demand Divergence Fails to Boost Transactions [SMM Lead Daily Review]

Published: Jul 23, 2026 14:07

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SMM, July 23 –

Today, the market suggested that the online price for secondary refined lead was raised by 75-100 yuan/mt. Some upstream suppliers quoted 15,800 yuan/mt, remaining firm. Spot orders followed market trends, with spot cargoes traded at an ex-factory discount of 30-50 yuan/mt. Downstream consumption remained persistently weak, with resistance to high-priced cargoes, low purchase willingness, and no restocking plans for now. The market mostly adopted a wait-and-see approach, with some enterprises planning to postpone purchases. Market sentiment diverged between buying and selling, with price increases lacking demand support, and spot deals remaining sluggish. Today, the SMM average price of secondary refined lead was reported at 15,700 yuan/mt, a premium of 25 yuan/mt over the SMM #1 lead average price. Supplier shipment sentiment was 0.81, and today's secondary refined lead purchase sentiment was 1.41 (historical data can be accessed by logging into the database).

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