SMM June 18 news:
During June 12–18, 2026, the SMM weekly operating rate for secondary lead across four provinces was 29.6%, down 0.12 percentage points WoW. Operating rates in Anhui and Jiangsu were flat. Henan’s rate adjusted production according to raw material arrivals, falling 0.76 percentage points due to undersupply. Inner Mongolia’s rate rose 1.14 percentage points, mainly as a mid-week rebound in lead prices led enterprises to slightly lift output on expectations of improving market conditions. With the Dragon Boat Festival holiday approaching, downstream battery producers will take holidays, leading to a temporary absence of lead ingot consumption. Coupled with sluggish raw material supply, smelters’ production enthusiasm is also low. SMM expects the operating rate to remain stable next week, with a key focus on whether production resumption at a small smelter in Inner Mongolia will materialize.
![SMM Primary Lead Smelter Weekly Operating Rate (June 12, 2026 - June 18, 2026) [SMM Primary Lead Production Weekly Review]](https://imgqn.smm.cn/usercenter/TmYox20251217171721.jpeg)
![Maintenance and Downstream Cargo Pick-Up Deplete Primary Lead Enterprises' Plant Inventory to Low [SMM Primary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
