SMM secondary lead smelter weekly operating rate (2026.8.14-2026.8.20) [SMM Lead Weekly Review]

Published: Aug 21, 2026 10:00

SMM August 21 news:

During August 14-20, 2026, the SMM weekly operating rate for secondary lead in four provinces was 40.4%, up 3.32 percentage points WoW. Smelters in Jiangsu and Anhui maintained stable production; in Henan, enterprises slightly ramped up production after raw material replenishment, with the operating rate rising 0.69 percentage points; in Inner Mongolia, large-scale smelters continued production ramp-ups from resumptions, driving a significant 29.55-percentage-point increase in the local operating rate. Looking ahead to next week, the market holds phased positive expectations for lead prices, which is expected to boost smelters' production willingness. However, smelters in all four regions remain constrained by raw material supply, with raw material shortages limiting further production releases. Overall, the operating rate for secondary lead in four provinces is expected to remain basically flat.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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