Secondary Lead: Downstream Buyers Hesitant, Upstream Sellers Unwilling, Refined Lead Trading Sluggish Within the Day [SMM Lead Midday Review]

SMM Lead Midday Review: Downstream Buyers Stay Away, Upstream Sellers Hold Back, Refined Lead Trading Sluggish During the Day. SMM, April 25: The SMM 1# lead average price increased by 75 yuan/mt to 16,875 yuan/mt compared to yesterday, with the price difference between primary metal and scrap at 75 yuan/mt. Today, the sentiment among secondary refined lead suppliers remained low, with most not willing to sell. The mainstream ex-factory prices were at a discount of 50-0 yuan/mt against the SMM 1# lead average price, with some sources at a premium of 25 yuan/mt ex-factory. The ex-factory prices excluding tax ranged from 15,800 to 15,950 yuan/mt.