This week (April 17, 2026 – April 23, 2026), the average operating rate of primary lead smelters in the three provinces was 64.43%, up 1.01 percentage points WoW.
This week, a medium-sized smelter in Henan resumed operations after maintenance, leading to a slight increase in lead smelting output. Smelters in Hunan maintained stable production, with the overall operating rate flat WoW. A large smelter in Yunnan that had previously undergone maintenance resumed production, and the regional operating rate rebounded. A small-to-medium-sized smelter in Anhui slightly cut production due to raw material shortages. Smelting production in other major producing regions across China remained generally stable.
![Lead Prices Pulled Back After Fluctuating at Highs, Secondary Lead Discounts Moved Sideways [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/riosq20251217171722.jpg)
![Silver Imports Hit a New High Again in March, with April Import Momentum Expected to Show Signs of Cooling [SMM Analysis]](https://imgqn.smm.cn/usercenter/nQsOk20251217171736.jpg)
![High Costs Provide Support, Spot Secondary Crude Lead Moves Sideways [SMM Scrap Battery & Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
