Secondary Lead: Market Quotes Diverge, Ex-works Price Premiums Vary Significantly [SMM Lead Daily Review]

Published: Oct 19, 2026 13:05 (GMT+8)

Save

SMM, October 19:

Today, most quotes in the secondary refined lead market suggested a reduction of 50 yuan/mt from the online price, with tax-inclusive refined lead ex-works prices referenced at 16,050 yuan/mt, while downstream intended purchase prices were 15,975 yuan/mt. Market quotes were divided, with some cargoes traded at a discount of 75 yuan/mt to the SMM #1 lead price, while others were quoted at a premium of 20 yuan/mt or traded at parity. Market trading was weak, with some participants not quoting for the time being, downstream buyers taking a wait-and-see stance, and limited transactions concluded. Today, the SMM secondary refined lead average price was 16,050 yuan/mt, a discount of 25 yuan/mt to the SMM #1 lead average price. Supplier selling sentiment was 2, and today's secondary refined lead purchasing sentiment was 3.11 (historical data can be accessed via 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

39 mins ago

Oct 19 Scrap Battery Market Transaction Summary [SMM Daily Review]

39 mins ago

4 hours ago

US dollar index weakens, LME lead stops falling and rebounds [SMM Lead Morning News]

[SMM Lead Morning News: US Dollar Index Weakens, LME Lead Stops Falling and Rebounds] SMM, October 19: Last Friday, LME lead opened at $1,887/mt. As the US dollar index weakened, LME lead gradually stopped falling and rebounded...

4 hours ago

Fundamentals Remain Intact, Lead Prices Show Strong Resilience [SMM Lead Morning Meeting Minutes]

[SMM Lead Morning Meeting Summary: Fundamentals Remain Supportive, Lead Prices Show Strong Resilience] Fed Chairman Warsh said he would not prejudge the outcome of the FOMC meeting, and market bets on an October rate hike pulled back from about 27% to less than 15%. Recently, the recovery of lead ingot supply in the Chinese market has fallen short of expectations, with both primary lead and secondary lead experiencing regional supply tightness...

4 hours ago