Lead Prices Decline, Spot Liquidity Tightens as Downstream Buyers Purchase on Dips

Published: Sep 15, 2026 12:08

Save

【Lead Spot Market Update】It is learned that lead prices have declined consecutively recently. Downstream enterprises have been purchasing on dips as per their needs, leading to tightened spot liquidity. Among them, lead ingot inventories in Henan have dropped notably, with some holders' forward sales of lead ingots already scheduled for delivery after September 25. Meanwhile, the spot-futures price spread has narrowed rapidly. Today, electrolytic lead delivery brands in Henan are quoted at an ex-works discount of RMB 20/mt to the SHFE Lead 2610 contract, versus a discount of RMB 100/mt last Tuesday.

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.

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

3 hours ago

Refineries Hold Prices Firm and Hold Back from Selling & Social Inventory Continues to Decline, Supporting Lead Prices at Low Levels [SMM Lead Morning Meeting Summary]

3 hours ago

LME lead closed down 0.66%, SHFE lead dipped and rebounded to hold 15,800 yuan/mt [SMM Lead Morning News]

3 hours ago

16 hours ago

Economic Improvement of the Boumadine Polymetallic Mine in Morocco

16 hours ago

Related News

Refineries Hold Prices Firm and Hold Back from Selling & Social Inventory Continues to Decline, Supporting Lead Prices at Low Levels [SMM Lead Morning Meeting Summary]

Sep 15, 2026 08:50

LME lead closed down 0.66%, SHFE lead dipped and rebounded to hold 15,800 yuan/mt [SMM Lead Morning News]

Sep 15, 2026 08:50

Economic Improvement of the Boumadine Polymetallic Mine in Morocco

Sep 14, 2026 19:40

East China Lead Smelters Suspend Scrap Battery Purchases Amid Market Challenges and Quota Limits

Sep 14, 2026 18:16