SMM News on April 30:
In the week preceding the holiday, market trading activity gradually declined. Coupled with widespread production cuts and suspensions at secondary lead smelters, there were few sellers and limited quotations during the week. The mainstream ex-factory price of secondary refined lead, inclusive of tax, was at a discount of 25-0 yuan/mt against the SMM 1# lead average price, with weak purchase willingness from downstream buyers. Secondary lead smelters faced difficulties in reducing raw material costs, coupled with poor sales of finished products, resulting in significant loss pressures. As of April 30, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises was -600 yuan/mt, while for small and medium-sized secondary lead enterprises, it was -827 yuan/mt.
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