Crude Lead Import New Orders Decline, Domestic Secondary Crude Lead Transactions Weaken, Post-Holiday Wait-and-See Dominates [SMM Secondary Crude Lead Weekly Review]

Published: Sep 30, 2026 15:19 (GMT+8)

Save

SMM, September 30:

As of this Friday, the SMM crude lead CIF price (including 0.1-0.35 Sb, 0.1-0.25 Sn) was at a discount of 300-150 yuan/mt against the SMM #1 lead average price. This week, trading volume for imported crude lead new orders shrank, with only a small number of orders from late August and early September arriving at port. After the holiday, previously traded orders will arrive at port in a concentrated manner. Domestic secondary crude lead mainstream tax-exclusive transactions were around 14,900 yuan/mt, with some tin- and antimony-containing sources quoted at 15,050 yuan/mt ex-works. Trading volume pulled back MoM. Next week coincides with the holiday, and market trading will largely come to a halt. After the holiday, wait-and-see sentiment in the market will be relatively heavy.

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

29 mins ago

King Global Reports Golden Turkey Tailings Sampling Averaging 0.44% Lead and 0.42% Zinc Across 76 Near-Surface Samples

King Global Critical Minerals reported results from systematic sampling of the historic Golden Turkey tailings at its Black Canyon project in Arizona. A total of 76 near-surface tailings samples collected on an approximately 30-foot grid returned arithmetic averages of around 3.85 g/t gold, 76.2 g/t silver, 0.44% lead and 0.42% zinc. The company explicitly states that these results characterise only the sampled near-surface population and should not be interpreted as the average grade of the entire Golden Turkey tailings deposit or combined with historical tailings-volume estimates to calculate contained metal. King plans additional vertical sampling, representative bulk-density measurements and metallurgical testing while continuing discussions with the U.S. Forest Service and other regulators regarding potential removal, off-site processing and reclamation of the historic tailings.

29 mins ago

51 mins ago

Stockpiling Concludes, Secondary Lead Inventory Buildup Expected During Next Week's Holiday [SMM Secondary Lead Inventory Weekly Review]

51 mins ago

59 mins ago

Masivo Intersects 32.5 Metres of Polymetallic Mineralisation at Cerro Colorado Grading 0.271% Zinc and 0.141% Lead

Masivo Silver reported assays from CC-26-001, the first hole of its 2026 drilling program at the Cerro Colorado project in Sonora, Mexico. The hole intersected 32.50 metres from 226.30 to 258.80 metres grading 0.271% zinc, 0.141% lead, 7.0 g/t silver, 0.025% copper and 0.010 g/t gold. A separate 5.10-metre interval from 215.10 metres graded 0.611% zinc, 0.121% lead and 24.0 g/t silver. The hole was terminated at 259.5 metres because of technical drilling difficulties while still within altered and mineralised rock. Masivo plans to integrate the assays with geological, structural, alteration and geophysical information to guide follow-up drilling testing lateral and vertical continuity. The company states that all reported intervals are drilled lengths and true widths have not yet been determined.

59 mins ago