Secondary Lead: Tight Spot Supply Supports Suppliers Holding Prices Firm; Downstream Purchasing Sentiment Average [SMM Lead Daily Review]

Published: Sep 23, 2026 14:04 (GMT+8)

Save

SMM, September 23:

Views in the secondary refined lead market diverged today. Most suggested lowering the online price by 50 yuan/mt. Downstream pre-holiday procurement is nearing its end, with intended purchase prices at 16,050 yuan/mt. Some suppliers reported scarce spot order cargoes and made no shipments for the time being, advocating parity between secondary refined lead and the SMM #1 lead average price, with no adjustment to the online price. Spot trading was mediocre, and the standoff continued. Today, the SMM secondary refined lead average price stood at 16,200 yuan/mt, a discount of 75 yuan/mt to the SMM #1 lead average price. Supplier selling sentiment was 2.19, while secondary refined lead procurement sentiment today was 1.78 (for historical data, please log in to 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.

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

54 mins ago

September 23 Scrap Battery Market Transaction Summary [SMM Daily Review]

54 mins ago

4 hours ago

【Flash | Lumentum’s AI Optical Growth Supports the Indium Phosphide (InP) Demand Outlook】

Lumentum reported fiscal Q4 2026 revenue of $1.006 billion, up 24.5% QoQ and 109.3% YoY. Components revenue reached $649.4 million, rising 102.7% YoY. The company said increasing AI compute speed and bandwidth requirements are driving greater use of optical connectivity in datacenters, alongside accelerating 1.6T cloud-module adoption and growing demand for ultra-high-power CPO lasers. Its fiscal Q1 2027 revenue guidance midpoint reached $1.25 billion. SMM views the expansion of high-speed optical modules and lasers as providing downstream demand support for InP and high-purity indium. However, Lumentum did not disclose InP-specific revenue, shipments or indium consumption, preventing a quantitative estimate of demand growth.

4 hours ago

5 hours ago

Anhui Changyu Pump & Valve Manufacturing Co., Ltd. Looks Forward to Meeting You at the 2026 SMM Lead & Zinc Annual Conference

5 hours ago