SHANGHAI, Mar 13 (SMM) – Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces averaged 50.1% in the week ended March 13, up 0.7 percentage point from the prior week, showed an SMM survey.
The operating rates in Henan and Hunan remained unchanged at 61.6% and 42%, respectively, while the rate in Yunnan increased 3.7 percentage points to 32.1% as Zhenxing smelter recovered to normal.

![Macro Weakness and Divergent Domestic and Overseas Fundamentals: LME Lead Prices Expected to Continue Outperforming SHFE [SMM Weekly Lead Market Forecast]](https://imgqn.smm.cn/usercenter/TmYox20251217171721.jpeg)
![Lead Prices Fluctuated Downward During the Week, Downstream Cautious Amid Fear of Price Decline, Purchase Willingness Low [SMM Refined Lead Spot Market Weekly Review]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)
![SMM Primary Lead Smelter Weekly Operating Rate (May 29, 2026 - June 4, 2026) [SMM Primary Lead Smelting Operating Rate Weekly Review]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)