SMM, January 10:
This week, secondary refined lead suppliers adjusted their offers based on market conditions, with tax-inclusive prices mostly showing premiums of 0-100 yuan/mt ex-factory against the SMM 1# lead average price. Downstream enterprises showed moderate purchasing willingness, with a strong wait-and-see sentiment and low stockpiling efforts before the holiday. Lead prices fluctuated downward, while battery scrap prices followed with limited declines, leaving most secondary lead smelters in a loss-making state. As of January 10, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises stood at 184 yuan/mt, while for small and medium-sized secondary lead enterprises, it was -9 yuan/mt.
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