Secondary Lead: Low Acceptance of High-Priced Supply from Downstream, Refined Lead Spot Order Quotation Discount Widens [SMM Lead Daily Review]

Published: Aug 21, 2026 13:43

SMM August 21 News:

Today, in the secondary refined lead market, suppliers generally proposed to raise the online price by 100-125 yuan/mt. Some enterprises had no spot orders available for sale, and long-term contract transaction prices were shipped at a premium of 50 yuan/mt over the SMM #1 lead average price within the industrial park. Mainstream spot orders were sold at a discount of 100-75 yuan/mt ex-factory, with moderate transactions. Some downstream players were wary of high prices in the future, so their purchasing sentiment improved; others had low acceptance of high-priced cargoes, with a psychological purchase level of 15,700 yuan/mt EXW (a discount of 175 yuan/mt against the SMM #1 lead average price). Today, the SMM secondary refined lead average price was 15,775 yuan/mt, a discount of 100 yuan/mt against the SMM #1 lead average price. Supplier shipment sentiment stood at 2.34, while today's secondary refined lead purchasing sentiment was 1.29 (historical data can be queried in the database).

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.

Images in this article contain AI-translated captions for reference only.

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Secondary Lead: Low Acceptance of High-Priced Supply from Downstream, Refined Lead Spot Order Quotation Discount Widens [SMM Lead Daily Review] - Shanghai Metals Market (SMM)