SMM, April 29:
Today, the SMM 1# lead average price remained unchanged from yesterday at 16,775 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. As the holiday approaches, downstream battery producers have largely completed their stockpiling of lead ingots. Currently, they primarily purchase lead ingots through long-term contracts, with low willingness to purchase spot orders. Secondary lead smelters have increased production cuts and suspensions, with low willingness to sell and few spot quotes. The mainstream ex-factory prices of secondary refined lead are at a discount of 25-0 yuan/mt against the SMM 1# lead average price. The ex-factory prices, excluding tax, range from 15,750 to 15,900 yuan/mt, with sluggish transactions.
