Secondary Lead: Loss-Making Secondary Smelters Hope for Price Hikes; Market Stalemate Amid Mixed Long-Short Forces [SMM Lead Daily Review]

Published: Aug 12, 2026 13:57

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SMM August 12 news:

Market sentiment for secondary refined lead diverged notably today. Some smelters, facing severe losses, intended to push up prices by 50-100 yuan/mt; however, some participants suggested keeping online prices flat. In terms of transactions, quotations showed significant divergence: some cargoes were offered at parity ex-factory, or at a premium of 75 yuan/mt delivered to downstream customers, while some spot cargoes were at discounts of 75-100 yuan/mt ex-factory. Downstream purchasing willingness was weak, with mainstream delivered transaction prices at discounts of 30-0 yuan/mt from the SMM #1 lead average price. Today, the SMM secondary refined lead average price was quoted at 15,650 yuan/mt, a discount of 50 yuan/mt to the SMM #1 lead average price. Suppliers' shipment sentiment was 1.19, and the secondary refined lead purchasing sentiment today was 1.00 (historical data can be queried in the database).

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