SMM, March 7:
During the week, mainstream ex-factory quotes for secondary refined lead suppliers remained at a discount of 50-0 yuan/mt. In the first half of the week, sporadic cargoes were quoted at a discount of 100-75 yuan/mt ex-factory. In the second half of the week, as lead prices rose, suppliers tested downstream purchase willingness and maintained firm ex-factory quotes, with individual cargoes quoted at a premium of 50 yuan/mt ex-factory. As of March 7, 2025, the mainstream ex-factory price of tax-free refined lead nationwide was 16,150-16,250 yuan/mt.
Affected by macro policies, lead prices rose significantly in the second half of the week. Smelters did not significantly increase scrap battery purchase quotes in the short term, thereby expanding the profit margin for secondary lead. As of March 7, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises was 356 yuan/mt, while for small and medium-sized secondary lead enterprises, it was 147 yuan/mt.
