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.
![지지와 저항이 공존, SHFE 납 16,000 위에서 횡보 [납 선물 단평]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
