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SMM Index

MMi

Exchange Rate

Lead prices

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Lead Ingot & Concentrates

Price description

Price Range

Avg.

Change

Date

SMM #1 Lead (USD/mt)

2,326.39-2,340.32

2,333.36

+3.69

Jul 25, 2025

#1 Lead -Tianjin (USD/mt)

2,357.75-2,364.58

2,361.17

-9.76

Dec 25, 2024

#1 Lead - Henan (USD/mt)

2,391.3-2,398.22

2,394.76

+30.18

May 23, 2025

#1 Lead - Guangdong (USD/mt)

2,378.25-2,391.92

2,385.09

-2.93

Dec 25, 2024

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Southeast Asia Lead Ingot Premium

Price description

Price Range

Avg.

Change

Date

CIF Premium for Malaysian Lead Ingots (USD/mt)

100-130

115

Dec 25, 2024

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Secondary Lead

Price description

Price Range

Avg.

Change

Date

#2 Lead (USD/mt)

2,349-2,383.34

2,366.17

+2.02

Mar 26, 2025

Secondary Lead (USD/mt)

2,330.41-2,350.92

2,340.66

-6.35

Dec 25, 2024

Secondary Refined Lead（Guangdong/Tax included） (USD/mt)

2,344.08-2,357.75

2,350.92

-2.93

Dec 25, 2024

Secondary Refined Lead（Hebei/Tax included） (USD/mt)

2,344.08-2,357.75

2,350.92

-2.93

Dec 25, 2024

Secondary Refined Lead（Jiangxi/Tax included） (USD/mt)

2,350.92-2,357.75

2,354.33

-2.93

Dec 25, 2024

Secondary Refined Lead（Jiangsu/Tax Included） (USD/mt)

2,350.92-2,357.75

2,354.33

-2.93

Dec 25, 2024

Secondary Refined Lead（Anhui/Tax Included） (USD/mt)

2,350.92-2,357.75

2,354.33

-2.93

Dec 25, 2024

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Lead Concentrate TCs

Price description

Price Range

Avg.

Change

Date

T/C for Domestic Lead Concentrate (monthly) (USD/mt)

55.1-110.2

82.65

-1.37

Dec 01, 2024

T/C for Domestic Lead Concentrate (weekly) (USD/mt)

68.34-109.34

88.84

-0.34

Dec 20, 2024

T/C for Imported Lead Concentrate (monthly) (USD/dry mt)

-30--10

-20

Dec 01, 2024

T/C for Imported Lead Concentrate (weekly) (USD/dry mt)

-40--10

-25

-5

Dec 20, 2024

T/C for Henan Lead Concentrate (USD/mt)

75.17-116.17

95.67

-0.37

Dec 20, 2024

T/C for Yunnan Lead Concentrate (USD/mt)

68.34-95.67

-0.32

Dec 20, 2024

T/C for Hunan Lead Concentrate (USD/mt)

68.34-109.34

88.84

-0.34

Dec 20, 2024

T/C for Inner Mongolia Lead Concentrate (USD/mt)

75.17-116.17

95.67

-0.37

Dec 20, 2024

T/C for Guangxi Lead Concentrate (USD/mt)

68.34-109.34

88.84

-0.34

Dec 20, 2024

Silver pricing coefficient in lead concentrate（200g/t≤Ag＜300g/t） (%)

78-85

81.5

Dec 20, 2024

Silver pricing coefficient in lead concentrate（300g/t≤Ag＜500g/t） (%)

84-88

Dec 20, 2024

Silver pricing coefficient in lead concentrate（500g/t≤Ag＜800g/t） (%)

88-89

88.5

Dec 20, 2024

Silver pricing coefficient in lead concentrate（800g/t≤Ag＜1000g/t） (%)

88-90

Dec 20, 2024

Silver pricing coefficient in lead concentrate（1000g/t≤Ag＜1500g/t） (%)

88-91

89.5

Dec 20, 2024

Silver pricing coefficient in lead concentrate（1500g/t≤Ag＜2000g/t） (%)

90-92

Dec 20, 2024

Silver pricing coefficient in lead concentrate（2000g/t≤Ag＜2500g/t） (%)

92-94

Dec 20, 2024

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Lead-Containing Waste

Price description

Price Range

Avg.

Change

Date

E-bicycle Battery (Scrap) (USD/mt)

1,188.33-1,212.22

1,200.27

-2.74

Dec 25, 2024

Ignition Battery (Scrap) White Shell (USD/mt)

1,149.51-1,167.43

1,158.47

+0.24

Dec 25, 2024

Ignition Battery (Scrap) Black Shell (USD/mt)

1,197.29-1,227.14

1,212.22

+0.25

Dec 25, 2024

Electric Communication Battery Scrap (USD/mt)

1,092.79-1,134.59

1,113.69

+0.23

Dec 25, 2024

Motorbike Battery Scrap (USD/mt)

967.38-1,050.98

1,009.18

+0.21

Dec 25, 2024

Tubular Battery Scrap (USD/mt)

1,170.41-1,206.24

1,188.33

+0.24

Dec 25, 2024

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Lead Alloy

Price description

Price Range

Avg.

Change

Date

Lead-Antimony Alloy (USD/mt)

2,590.11-2,610.61

2,600.36

-6.3

Dec 25, 2024

Lead-calcium alloy (Anhui) (USD/mt)

2,436.29-2,450.13

2,443.21

+19.33

May 23, 2025

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Lead-acid Battery

Price description

Price Range

Avg.

Change

Date

48V/12Ah motive battery (leading brands) (USD/group)

38.25-40.55

39.4

-0.19

Apr 19, 2021

48V/20Ah motive battery (leading brands) (USD/group)

54.32-57.38

55.85

-0.87

Apr 19, 2021

QW/45Ah automotive battery (leading brands) (USD/group)

24.48-31.37

27.93

+0.14

Apr 19, 2021

QW/60Ah automotive battery (leading brands) (USD/group)

35.96-42.08

39.02

+0.19

Apr 19, 2021

12N7 motorcycle battery (leading brands) (USD/pcs)

10.71-11.17

10.94

+0.05

Apr 19, 2021

12N8 motorcycle battery (leading brands) (USD/pcs)

11.02-11.48

11.25

+0.05

Apr 19, 2021

35kg tubular battery for electric tricycle (leading brands) (USD/pcs)

88.75-93.34

91.04

+0.45

Apr 19, 2021

48V/12Ah motive battery (Henan) (USD/group)

39.77-42.07

40.92

-0.21

Apr 16, 2021

48V/20Ah motive battery (Jiangsu) (USD/group)

53.54-55.83

54.69

-0.15

Apr 16, 2021

48V/20Ah motive battery (Jiangxi) (USD/group)

55.07-57.36

56.22

-0.52

Apr 16, 2021

QA/80Ah automotive battery (Hebei) (USD/pcs)

35.18-38.24

36.71

+0.16

Apr 16, 2021

QA/80Ah automotive battery (Guangdong) (USD/pcs)

33.65-36.71

35.18

+0.15

Apr 16, 2021

QA/80Ah automotive battery (Shangdong) (USD/pcs)

35.18-38.24

36.71

+0.16

Apr 16, 2021

QA/80Ah automotive battery (Sichuan) (USD/pcs)

33.65-36.71

35.18

+0.15

Apr 16, 2021

QA/105Ah automotive battery (Hebei) (USD/pcs)

42.83-45.89

44.36

+0.19

Apr 16, 2021

QA/105Ah automotive battery (Guangdong) (USD/pcs)

40.54-44.36

42.45

+0.18

Apr 16, 2021

QA/105Ah automotive battery (Shandong) (USD/pcs)

42.07-45.13

43.6

+0.19

Apr 16, 2021

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SHFE

Price description

Price

Open

High

Low

Vol.

Change

PB2510 (CNY/mt)

17,145

17,095

17,170

17,055

39,143

+65

PB2511 (CNY/mt)

17,165

17,135

17,185

17,070

25,638

+70

PB2512 (CNY/mt)

17,175

17,105

17,185

17,080

5,665

+70

PB2601 (CNY/mt)

17,165

17,270

17,095

+50

PB2602 (CNY/mt)

17,175

+50

PB2603 (CNY/mt)

-17,190

PB2604 (CNY/mt)

-17,195

PB2605 (CNY/mt)

17,225

17,155

17,225

17,155

+55

PB2606 (CNY/mt)

-17,145

PB2607 (CNY/mt)

17,215

17,170

17,230

17,165

+65

PB2608 (CNY/mt)

17,195

17,185

17,220

17,180

-25

PB2609 (CNY/mt)

-17,220

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LME

Price description

Price

Open

High

Low

Vol.

Change

LMEselect Lead 3 Month (USD/mt)

2,008

2,008.5

2,014

2,002.5

1,980

-4.5

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SHFE/LME Ratio

Price description

Price

Open

High

Low

Change

SMM Spot/LME03

8.5299

8.5283

8.5508

8.486

+0.003

SHFE.PB2510/LME03

8.5299

8.5283

8.5508

8.486

+0.003

SHFE.PB2511/LME03

8.5398

8.5483

8.5607

8.4923

+0.008

SHFE.PB2512/LME03

8.5448

8.5333

8.5582

8.4934

+0.011

SHFE.PB2601/LME03

8.5398

8.6135

8.4909

-0.004

SHFE.PB2602/LME03

8.5448

8.5575

8.5682

8.5384

-0.048

SHFE.PB2603/LME03

8.5714

8.5864

8.5608

-0.024

SHFE.PB2603/LME03

8.5427

8.5141

8.5668

8.5141

+0.052

SHFE.PB2605/LME03

8.5697

8.5497

8.5718

8.5348

+0.003

SHFE.PB2606/LME03

8.549

8.6026

8.5383

+0.044

SHFE.PB2607/LME03

8.5647

8.5636

8.5892

8.5232

+0.013

SHFE.PB2608/LME03

8.5547

8.5711

8.595

8.5282

-0.032

SHFE.PB2609/LME03

8.5864

8.5885

8.6014

8.5757

-0.051

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Import Arbitrage

Price description

Price

Open

High

Low

Change

Lead import arbitrage(Spot) (CNY/mt)

-52.5349

-5.1825

18.6483

-79.9152

-28.981

Lead import arbitrage(PB2510) (CNY/mt)

-194.9752

-159.4455

-135.6365

-234.1086

-17.021

Lead import arbitrage(PB2511) (CNY/mt)

-280.2264

-232.0137

-334.3192

-0.32

Lead import arbitrage(PB2512) (CNY/mt)

-327.3232

-326.5504

-292.061

-395.2484

+11.941

Lead import arbitrage(PB2601) (CNY/mt)

-415.1835

-241.5992

-476.4777

-20.138

Lead import arbitrage(PB2602) (CNY/mt)

-429.9848

-405.4431

-384.9916

-442.2557

-26.663

Lead import arbitrage(PB2603) (CNY/mt)

-436.328

-430.0887

-406.7242

-452.0143

-19.739

Lead import arbitrage(PB2603) (CNY/mt)

-560.1679

-858.3841

-513.5959

-858.3841

+83.86

Lead import arbitrage(PB2605) (CNY/mt)

-541.4677

-583.3433

-537.3782

-607.4452

+23.376

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Lead Ingot & Concentrates

Southeast Asia Lead Ingot Premium

Secondary Lead

Lead Concentrate TCs

Lead-Containing Waste

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