Secondary Lead: Today's online prices remained stable, sentiments diverged between upstream and downstream, and trading was limited [SMM Lead Daily Review]

Published: Jul 16, 2026 14:39

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SMM News on July 16:

Market participants suggested that the online price of secondary refined lead remained stable today. Some downstream alloy plants believed the earlier decline had been sufficient and intended to restock on dips around 14,400 yuan/mt; spot orders could accept parity delivered-to-plant cargo. Upstream suppliers were still resistant to low prices, with some sellers holding firm at 15,650 yuan/mt and holding back from selling; most spot deals were concluded at a discount of 30 yuan/mt ex-works. Most traders in the market only quoted and waited on the sidelines. Overall trading volume failed to expand, and the market stalemate continued. Today, the SMM secondary refined lead average price was 15,550 yuan/mt, a premium of 25 yuan/mt over the SMM #1 lead average price. Suppliers’ selling sentiment was 0.43, and today’s secondary refined lead purchasing sentiment was 2.58 (historical data can be queried by logging into the database).

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