Secondary lead: supplier shipment sentiment is moderate, downstream maintains essential purchase [SMM Lead Daily Review]

Published: Aug 25, 2026 13:45

Save

SMM August 25 News:

The market had divergent views on secondary refined lead today. Some smelters had tight supply, with no spot orders flowing out externally, maintaining parity ex-factory, with firm quotes, and did not support a downward adjustment in the published price. Most market participants suggested lowering the published price by 50 yuan/mt to follow the market. There were still shipments at a discount of 75-100 yuan/mt in the market, and spot orders in the industrial park were transacted at parity. Downstream buying sentiment was weak, with a psychological purchase price of 15,775 yuan/mt. High-priced cargoes were rejected, with only a small number of spot orders purchased as needed. Today, SMM secondary refined lead average price was 15,825 yuan/mt, at a discount of 75 yuan/mt from SMM #1 lead average price.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

51 mins ago

August 25 Scrap Battery Market Transaction Summary [SMM Daily Review]

51 mins ago

1 hour ago

Tibet Summit Resources Reports Stable Operations and Increased Production at Tazhong Mining in 2026 Interim Report

On August 19, Tibet Summit Resources released its 2026 interim report. During the reporting period, operations at Tajikistan-based Tazhong Mining remained generally stable. The company completed 2.096 million tonnes of mining output, 1.647 million tonnes of ore output, and 1.647 million tonnes of ore processing, representing YoY increases of 15.53%, 9.99%, and 8.36%, respectively. Total contained metal production of lead, zinc, copper and silver reached 56,800 tonnes. The company also produced 4,361 tonnes of crude lead, 45.77 tonnes of copper matte, and 1,275 tonnes of electrolytic lead.

1 hour ago

Jinhui Mining Reports Increased Zinc Output, Decline in Lead and Silver Production in H1 2026

On August 7, Jinhui Mining released its 2026 interim report. The company produced 37,000 tonnes of zinc concentrate in January-June 2026, up 11.79% YoY, while lead concentrate production decreased 1.89% YoY to 10,600 tonnes. Associated silver production declined 1.93% YoY to 13.9 tonnes. In addition, construction of the Jiangluo mining area's 3 million tpy lead-zinc ore beneficiation project is underway, with RMB 170 million invested during the reporting period. Of this, the Xiejia'gou 1.5 million tpy concentrator project has received a cumulative investment of RMB 866 million, funded by raised capital and internal funds. Construction progress has reached 77%, but the project has not yet completed acceptance inspection or commenced production and operations, and therefore has generated no

1 hour ago