Secondary Lead: Downstream prefers rigid-demand restocking, upstream suppliers' selling sentiment remains firm [SMM Lead Daily Review]

Published: Aug 19, 2026 13:26

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SMM, August 19:

Today, the majority of market views suggested that the online price be maintained at yesterday's level and move with the market. Some smelters had tight spot supply, spot order supplies were scarce, and suppliers held a firm stance, with suggestions to raise by 50 yuan/mt, with cargo quoted at a premium of 75 yuan/mt delivered. Meanwhile, mainstream transaction prices were at a discount of 75 yuan/mt to the SMM #1 lead average price ex-factory, and the delivered quotation was at parity. Downstream buyers primarily restocked for rigid demand, tending to purchase at low prices and showing low acceptance of high-priced cargo. The SMM secondary refined lead average price was 15,625 yuan/mt, at a discount of 75 yuan/mt to the SMM #1 lead average price. Supplier selling sentiment was 1.42, and today's secondary refined lead purchasing sentiment was 2.12 (historical data can be accessed by logging into the database).

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