Secondary Lead: Discounts on Some Refined Lead Ex-Factory Prices Widen, Downstream Enterprises Maintain Just-in-Time Procurement [SMM Lead Midday Review]

SMM News on March 12:

Today, the SMM 1# lead average price remained unchanged from yesterday at 17,175 yuan/mt. Secondary refined lead suppliers' ex-factory quotations maintained discounts, with mainstream sources in Jiangxi quoted at discounts of 100 yuan/mt against the SMM 1# lead price, while ex-factory quotations in Anhui, Jiangsu, Zhejiang, Guangdong, and other regions were quoted at discounts of 50-0 yuan/mt against the SMM 1# lead price. Today's ex-factory quotations for tax-free refined lead in the market ranged from 16,100 to 16,250 yuan/mt. Downstream battery producers maintained just-in-time procurement, and today's secondary transactions showed little change compared to yesterday.

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