Secondary Lead: Lead Prices Stop Falling and Stabilize, Individual Smelters Report Improved Downstream Purchase Willingness [SMM Lead Daily Review]

Published: Aug 4, 2026 13:37

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SMM August 4 News:

The secondary refined lead market witnessed an intense tug-of-war atmosphere. Some smelters displayed a strong willingness to hold prices firm, with offers staying high for shipments; mainstream transacted cargoes were at parity with the SMM #1 lead average price ex-factory. Downstream enterprises remained cautious in purchasing, only willing to buy spot orders at selected points under sufficient discounts; a few individual downstream enterprises, concerned about a lead price rebound, showed improving purchase willingness. Today, the SMM secondary refined lead average price was reported at 15,225 yuan/mt, representing a discount of 25 yuan/mt to the SMM #1 lead average price. Suppliers' shipment sentiment stood at 0.53, while the secondary refined lead purchase sentiment today was 1.77 (historical data can be viewed by logging into the database).

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