This week (May 1, 2026 - May 7, 2026), the average operating rate of primary lead smelters in three provinces was 65.88%, up 1.26 percentage points WoW. This week, two small and medium-sized lead smelters in Hunan and Yunnan completed maintenance and resumed production, with regional lead smelting output increasing slightly; Henan smelters maintained stable production, with the overall operating rate basically flat WoW; other regions, some small and medium-sized smelters in east China recovered after maintenance, and production rebounded.

![SHFE Lead Breaks Through Bollinger Upper Track, Pulls Back Under Pressure and Stays High Consolidating on a Strong Note [Brief Review of Lead Futures]](https://imgqn.smm.cn/usercenter/qnyHQ20251217171721.jpeg)

