Secondary Lead: Market Game Continues, Upstream Holds Prices Firm, Downstream Resists [SMM Lead Daily Review]

Published: Aug 26, 2026 13:11

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SMM August 26 News:

Secondary refined lead upstream held prices firm with strong sentiment, as most recommended raising the online price by 50 yuan/mt; downstream mostly suggested a raise of 0-25 yuan/mt. Secondary lead smelter quotes diverged, with some offering cargoes at a discount of 50-75 yuan/mt from ex-factory, while others quoted firmly at a premium of 50 yuan/mt for delivered goods, and spot orders in the industrial park traded at parity. Buying sentiment downstream was average, with a psychological purchase price of 15,800 yuan/mt. A small volume of spot orders was replenished, overall transactions were weak, and the market game continued. Today, the average price of SMM secondary refined lead stood at 15,875 yuan/mt, a discount of 75 yuan/mt to the SMM #1 lead average price. Suppliers' selling sentiment was at 1.69, and today's buying sentiment for secondary refined lead was at 2.07 (historical data can be accessed via the database).

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