Secondary Lead: Some downstream buyers show purchase intentions, suppliers' quotes diverge significantly [SMM Lead Daily Review]

Published: Nov 04, 2026 13:26 (GMT+8)

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SMM, November 4:

Today, mainstream quotes in the secondary refined lead market are suggested to fall by 100-50 yuan/mt. Some participants showed purchase interest, while suppliers' quotes diverged significantly. Mainstream reference prices were at a discount of 0 yuan/mt to the SMM #1 lead average price, with a few quotes at a premium of 50 yuan/mt. Downstream buyers made just-in-time procurement. Today, the SMM secondary refined lead average price was 15,775 yuan/mt, at a discount of 0 yuan/mt to the SMM #1 lead average price. Supplier selling sentiment was 0.3, while secondary refined lead purchase sentiment today was 3.17 (historical data can be queried in the database).

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