Secondary Lead: Some Smelters Hold Back from Selling, Today's Trading Mediocre [SMM Lead Daily Review]

Published: Aug 20, 2026 14:07

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SMM August 20 News:

Today, the willingness to sell in the secondary refined lead market diverged. Some smelters had no spot orders flowing, held back from selling, and were unwilling to sell. Spot quotes remained firm, with some suppliers quoting a premium of 75 yuan/mt for delivered cargo and also discounts of around 75 yuan/mt for ex-factory cargo. Downstream only made just-in-time procurement, with an acceptable price range of 15,600-15,650 yuan/mt. Their purchase willingness for high-priced cargo was weak, and the phenomenon of "if expensive, do not buy" was obvious. Today, the SMM secondary refined lead average price was 15,650 yuan/mt, a discount of 75 yuan/mt against the SMM #1 lead average price. Supplier sentiment for shipments was 1.46, and today's purchase sentiment for secondary refined lead was 2.02 (historical data can be logged into the database for inquiry).

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