It is understood that this week (August 14-20, 2026), the combined operating rate of primary lead smelters in the three provinces was 65.71%, flat WoW.
This week, production changes at primary lead smelters were relatively small. Smelters in Hunan and Yunnan saw both maintenance and resumption, resulting in production increases and decreases essentially offsetting each other, and the overall operating rate of the three regions remained unchanged. Recently, medium-to-large primary lead enterprises in Hunan, Henan, Inner Mongolia and other regions gradually entered maintenance status. For most enterprises, the maintenance impact is mainly on the rough smelting stage, and the impact on primary lead production is relatively small for now. As the maintenance period deepens, the operating rate of primary lead enterprises will further decline in the future.
![SHFE Lead Breaks Through Bollinger Upper Track, Pulls Back Under Pressure and Stays High Consolidating on a Strong Note [Brief Review of Lead Futures]](https://imgqn.smm.cn/usercenter/qnyHQ20251217171721.jpeg)
