Secondary Lead: Suppliers Follow Market Trends, Secondary Lead Transactions Sluggish [SMM Lead Midday Review]

SMM, January 17:

Today, the SMM 1# lead average price increased by 100 yuan/mt from the previous day to 16,675 yuan/mt. The spot market saw sluggish supply and demand. Some suppliers quoted ex-factory prices at a discount of 50 yuan/mt against the SMM 1# lead average price to facilitate sales, while other secondary refined lead was quoted at premiums of 0-75 yuan/mt against the SMM 1# lead average price ex-factory. The ex-factory prices of tax-free refined lead in the market were reported at 15,800-15,880 yuan/mt. Suppliers followed market trends, while most downstream battery producers had largely completed stockpiling, leading to sluggish transactions for secondary lead.

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