[SMM Lead Weekly Review: Lead Prices Under Pressure and Fluctuating Downward, Secondary Refined Lead Prices Remain Firm, Downstream Buyers Cautious in Procurement]
In the spot market, during this week (February 15–February 21, 2025), SMM 1# lead average price fluctuated downward. Some downstream enterprises, concerned about further price declines, temporarily adopted a wait-and-see approach. Mid-week, spot market transactions appeared somewhat sluggish. Additionally, in the secondary refined lead market, scrap battery prices were more likely to rise than fall. Near the weekend, secondary refined lead prices in some regions inverted with primary lead prices. Downstream buyers were cautious in procurement, and market transactions remained sluggish.
![상하이 선물거래소 연, 상단 그림자 길게 남기며 0.03% 하락, 고점 횡보 국면 유지 [연 선물 단평]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
