[SMM Lead Morning Meeting Minutes: Bullish and Bearish Factors Coexisted in Domestic and Overseas Markets; Lead Prices Were Expected to Remain Consolidated] US Treasury Secretary Bessent: A 15% global tariff might be implemented this week, pledged to safeguard the Persian Gulf, and hinted that more measures were forthcoming. Recently, lead-acid battery enterprises in the domestic market basically resumed production, and the overall operating rate in March rebounded sharply from February…
Mar 5, 2026 09:00[SMM Lead Morning Meeting Summary: Coexistence of Energy Supply Pressure and Lead Ingot Inventory Buildup May Lead to Continued Price Consolidation] The escalation of geopolitical tensions in the Middle East, obstruction of major shipping routes, and expectations for rising transportation costs are anticipated to increase pressure on Europe's energy supply. After the domestic holiday, the lead market has experienced severe inventory buildup...
Mar 2, 2026 09:00[Weekly Guangdong Contract Rollover Spot Premiums/Discounts Declined] This week, Guangdong premiums and discounts fell by about 55 yuan/mt WoW. As of Friday, mainstream 0# zinc spot premiums in Guangdong were at a discount of 60 yuan/mt, and the Shanghai-Guangdong price spread widened...
Feb 27, 2026 16:12SMM February 27: After the holiday, downstream battery enterprises resumed work at a slow pace, with weak purchase willingness for lead ingots, leading to a sluggish lead price trend. Secondary lead enterprises were under pressure and incurred losses, with low enthusiasm for spot order shipments and limited offers. The current ex-factory price was at a discount of 50-0 yuan/mt to the SMM #1 lead average price. Although downstream enterprises gradually resumed work, they mainly focused on digesting pre-holiday inventory, and lead ingot procurement was expected to see limited improvement next week. Supported by the steady to rising scrap battery prices, secondary lead production costs remained high while ex-factory prices were weak, resulting in sustained losses for smelters. As of February 27, 2026, the theoretical comprehensive profit/loss for large enterprises was -344 yuan/mt, and for small and medium-sized enterprises was -558 yuan/mt (by-product revenue in the model excluded tin and antimony), indicating significant profit pressure across the industry. 》Order to View SMM Metal Spot Historical Prices
Feb 27, 2026 15:41[SMM Titanium Weekly Review: Titanium Market Diverged Post-Holiday, Titanium Dioxide Led Gains While Titanium Products Steadily Recovered] This week, the titanium industry chain showed divergent performance. Titanium concentrate operated steadily, with mines awaiting new March orders. Sentiment for titanium dioxide price hikes remained strong, led by the chloride process; high sulphuric acid costs supported expectations for price increases, though actual implementation still depends on demand follow-through. Titanium slag was in the doldrums, under cost pressure, with prices consolidating at the bottom. Sponge titanium saw weak supply and demand, prices held steady, and future performance relies on downstream restocking to boost recovery. The titanium products market recovered steadily, mainly driven by rigid demand restocking, and is expected to stabilize next week.
Feb 27, 2026 18:24As of February 24, the operating rate of 50 EAF steel mills producing construction steel nationwide was 0%, down 1% MoM; the capacity utilization rate was 0%, down 19.41% MoM; and the daily average production of construction steel was 0 mt, down 43,200 mt MoM.
Feb 24, 2026 18:11Dear User, During the development of the automotive steel market, changes have occurred in some mainstream brands, materials, and specifications. As a result, certain prices in the SMM Automotive Section currently deviate from the actual market situation. SMM has decided to discontinue the price points for certain materials/specifications of alloy structural steel, spring steel, cold heading steel, carbon round steel, and mold steel, effective from February 13, 2026. Customers who use the relevant prices for settlement should pay attention to the time period and adjust their price usage promptly to avoid any impact on your business due to the discontinuation of these price updates. A total of 10 price points are being discontinued, with details as follows: Spring Steel 65Mn Φ6.5-20 (Nationwide) Cold Heading Steel 35K Φ6.5-20 (Nationwide) Alloy Structural Steel 20CrMo Φ16-200 (Nationwide) Alloy Structural Steel 35CrMo Φ16-200 (Nationwide) Alloy Structural Steel 40MnBH Φ29-250 (Nationwide) Carbon Round Steel 45# Φ16-18 (Nationwide) Carbon Round Steel 45# Φ131-180 (Nationwide) Mold Steel 1.2311 21-120*1800-2200 (Nationwide) Mold Steel 4Cr13 Φ20-130 (Nationwide) Mold Steel W6Mo5Cr4V2Co5/M35 Φ20-80 (Nationwide) https://car.smm.cn/price Recommended new prices for use are as follows: Specialty Wire Rod: https://car.smm.cn/price?type_id=19&item_id=115&goods_id=0 Specialty Bar: https://car.smm.cn/price?type_id=19&item_id=114&goods_id=0 Mold Steel: https://car.smm.cn/price?type_id=19&item_id=117&goods_id=0
PriceJan 30, 2026 16:30SMM is delisting 11 price points for various automotive steels, effective February 6, 2026, due to market changes.
PriceJan 26, 2026 19:33Dear Valued Customers, Due to an error on our part, there was a mistake in recording the SMM #0 Hu zinc prices from November 24 to November 27, 2025. We now need to correct the absolute prices as follows: - November 24: from 22,380 to 23,380 - November 25: from 22,400 to 23,400 - November 26: from 22,500 to 23,500 - November 27: from 22,550 to 23,550 We sincerely apologize for any inconvenience and disruption this may have caused and will strive to prevent such errors in our future work.
PriceNov 28, 2025 16:24