SMM News on February 26:
Today, the SMM 1# lead average price increased by 25 yuan/mt from yesterday to 16,925 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 supplies in South China still at a discount of 100 yuan/mt. Today's ex-factory quotations for tax-free refined lead ranged from 15,850-15,950 yuan/mt, with 15,900 yuan/mt being the mainstream price. As March is approaching, just-in-time procurement demand from downstream battery producers has increased, and refined lead transactions showed signs of improvement today.
