Secondary Lead Smelters Expand Discounts on Shipment Quotations as Raw Material Costs Rise, Narrowing Profits [SMM Secondary Refined Lead Weekly Review]

SMM, March 14:

Due to poor transactions, secondary refined lead suppliers expanded their discounts for shipments during the week, quoting at a discount of 100-0 yuan/mt to the SMM 1# lead average price. As of March 14, 2025, the mainstream ex-factory price of refined lead nationwide, including tax, ranged from 17,150-17,300 yuan/mt.

Due to tight scrap battery supply, procurement quotes from enterprises rose significantly; meanwhile, refined lead faced significant resistance in transactions and large discounts, narrowing the profits of secondary smelters. As of March 14, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises was 344 yuan/mt, while for small and medium-sized secondary lead enterprises, it was 132 yuan/mt.

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