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 Drifted Lower, Dragged by the Sector; Short-Term Tug-of-War Between Sellers and Buyers Limited Decline [Lead Futures Brief]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![Dual Pressure from Raw Materials and Losses, Secondary Crude Lead Market Trading Generally Weak [SMM Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![SMM Primary Lead Smelter Weekly Operating Rate (August 7-13, 2026) [SMM Primary Lead Operating Rate Weekly Review]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
