SMM July 22: Shanghai market Shuangyan lead 16475 yuan / ton, for 1908 contract flat water quotation; Jinsha lead 16525 yuan / ton, 1908 contract liter water 50 yuan / ton quotation; Jiangsu and Zhejiang Yuguang, Jijin lead 16425 to 16445 yuan / ton, 1908 contract discount 50 30 yuan / ton to Pingshui quotation. Futures market rush fell back, the holder actively shipped, and part of the quotation discount expanded, and the downstream demand is limited, coupled with the renewable refined lead discount expanded again, reported to the SMM1# electrolytic lead discount 350 to 200 yuan / ton, a few even appeared discount 400 yuan / ton factory, bulk market transactions continue to be weak.

"Click to view SMM exclusive historical price data
![Weekly Review of Lead Futures Prices (2026.3.20-2026.4.3) [SMM Lead Weekly Review]](https://imgqn.smm.cn/usercenter/riosq20251217171722.jpg)
![Weekly Brief Review of the Lead Concentrates Market (March 30, 2026 - April 03, 2026) [SMM Lead Concentrates Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
![The Off-Season in Consumption Is Expected to Arrive Soon, Trading in the Primary Lead Spot Market Was Muted and Premiums Declined [SMM Weekly Review of the Refined Lead Spot Market]](https://imgqn.smm.cn/usercenter/LCtEk20251217171721.jpeg)
