SMM Secondary Lead Smelter Weekly Operating Rate, July 24-30, 2026 [SMM Lead Weekly Review]

Published: Jul 31, 2026 16:01

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SMM July 31:

During July 24-30, 2026, the SMM weekly operating rate of secondary lead across four provinces was 28.6%, down 0.9 ppt WoW. In Jiangsu, smelters that resumed production operated at low rates, while smelters in Inner Mongolia remained suspended; Henan smelters' operations were dragged down by losses and raw material shortages, with some halting production; some Anhui enterprises ramped up production after replenishing raw materials, leading to a rebound in the regional operating rate. Next week, some Anhui smelters plan to halt production. Continued tracking is needed for raw material arrivals in Henan and Jiangsu and the impact of lead prices on smelters’ production decisions.

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.

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