Secondary Lead: Some Downstream Enterprises Hesitate to Purchase Amid Price Increases; Refined Lead Transactions Are Moderate [SMM Lead Midday Review]

SMM News on March 19:

Today, the SMM 1# lead average price increased by 50 yuan/mt compared to yesterday, reaching 17,350 yuan/mt. Secondary refined lead suppliers followed market trends, with mainstream supplies quoted at a discount of 75-0 yuan/mt to the SMM 1# lead price on an ex-factory basis. Today's ex-factory quotes for tax-exclusive refined lead in the market ranged from 16,300-16,350 yuan/mt, with downstream enterprises rarely accepting the price of 16,400 yuan/mt. Downstream battery producers restocked based on rigid demand, while some enterprises were cautious about rising prices. Refined lead transactions were moderate.

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