Secondary lead: Spot order quotes in the market are basically flat compared to yesterday, downstream inquiries show moderate activity [SMM Lead Daily Review]

Published: Sep 3, 2026 13:21

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SMM, September 3:

Quotes in the secondary refined lead market were basically flat today. Downstream inquiries showed moderate activity, with restocking driven by rigid demand but limited volumes. Some participants suggested lowering online prices by 25 yuan/mt. Upstream, some producers had no spot orders available for sale and held prices firm. Mainstream transaction prices were at a discount of 75-25 yuan/mt against the SMM #1 lead average price. Transactions were dominated by small rigid-demand orders, and the market remained in a stalemate. Today, the SMM secondary refined lead average price was 15,975 yuan/mt, a discount of 50 yuan/mt against the SMM #1 lead average price. Supplier selling sentiment was 2.42, and secondary refined lead purchasing sentiment today was 2.22 (historical data can be queried in the database).

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