Secondary Lead: Limited Quotations for Refined Lead Spot Orders, Weak Purchase Willingness in Downstream Market Leads to Difficult Transactions [[SMM Lead Midday Review]]

SMM, April 28:

Today, the SMM 1# lead average price fell by 100 yuan/mt from last Friday to 16,775 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. As downstream battery producers primarily purchase through long-term contracts, their willingness to purchase spot lead ingots is low. Additionally, due to loss pressures, secondary lead smelters have low willingness to sell. Therefore, today's spot prices for secondary refined lead are limited, with mainstream ex-factory prices at a discount of 25-0 yuan/mt against the SMM 1# lead average price. Ex-factory prices excluding tax range from 15,750 to 15,900 yuan/mt, with poor transaction volumes.

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