[SMM Shanghai and Other No.1 Lead Markets: SHFE Lead Weakens and Consolidates, with Significant Differences in Spot Market Transactions] SMM News on July 1: In the Shanghai market, Chihong and Honglu lead were priced at 17,025-17,100 yuan/mt, quoted at a discount of 20-10 yuan/mt against the SHFE lead 2508 contract or at a discount of 50 yuan/mt against the SHFE lead 2507 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,080-17,090 yuan/mt, quoted at a discount of 30-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead maintained a weak and consolidating state, with suppliers selling spot cargo according to market conditions...

In June, the increase in China's recycled lead production was restricted by factors such as raw material shortages, weak downstream consumption, environmental inspections, and equipment malfunctions.

[SMM Analysis: How Much Will Primary Lead Production Increase in July Amid Concentrated Production Resumptions by Smelters?] SMM June 30 Report: National primary lead production in June 2025 declined as expected, down 0.78% MoM, but up 16.23% YoY. Cumulative primary lead production from January to June 2025 increased by 9.69% YoY.

[SMM Analysis: Smelters Resume Production in Concentration, How Much Will Primary Lead Production Increase in July?] It is understood that in June, maintenance and resumption of production coexisted in primary lead smelters, and the overall decline in production was less than expected. The main reason for the smaller-than-expected decline in primary lead production this month was...