SMM News on February 20:
Today, the SMM 1# lead average price remained unchanged from yesterday at 16,850 yuan/mt. During the morning session, ex-factory quotations for secondary refined lead were mainly quoted at discounts of 50-0 yuan/mt against the SMM 1# lead price, with discounts of 100 yuan/mt rarely heard. The mainstream ex-factory quotations for tax-free refined lead were at 15,850-15,900 yuan/mt. Downstream battery producers maintained a cautious stance, with rigid demand leaning towards purchasing primary lead, resulting in limited overall transactions for refined lead.
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