[SMM Lead Night Brief] Lead Prices Climb Gradually in LME Asian Session Amid Firm Buying Interest

Published: Apr 14, 2026 21:31

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LME Asian session brief: At opening, LME lead 3M showed a trending upward on, with steady buying interest. Prices opened at $1,927–1,928/t, briefly softened, then rose to an intraday high of $1,941.5/t before consolidating around $1,935/t, resist at higher levels, ending up at increase of $9.50. Overall, sentiment was mildly bullish.
Highlights of Western Asian and SEA lead-acid battery market: Lead battery market recently has not yet been impacted by shortage of remelted lead, thanks to the safety net of long-term contracts. Current long-term contracts for 99.985 lead priced at a premium of $80-100 over the LME price. As the shortage of remelted lead is expected to gradually tighten in mid-long term, this will be putting pressure on the profit margins of battery companies.

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.

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