[SMM Lead Midday Review: Market Quotation Sentiment Low, Poor Spot Order Transactions for Secondary Refined Lead] SMM reported on June 9: Today, the SMM 1# lead average price rose by 25 yuan/mt from the level before the holiday to 16,525 yuan/mt. The overall market quotation sentiment was low. The ex-factory prices of mainstream secondary refined lead were mainly on par with the SMM 1# lead average price, and the price difference between primary metal and scrap was 0 yuan/mt.

[SMM Lead Morning Meeting Summary: As the Delivery Date Approaches This Week, Spot Discounts for Lead Ingots May Narrow]...Under the dual influence of lead ingots being transferred to delivery warehouses and downstream purchases, the in-plant inventory of primary lead smelters has decreased. As the delivery date approaches this week, it is expected that suppliers will increase the transfer of stocks to delivery warehouses. After the transfer, the available supply in the spot market will relatively decrease, and there is an expectation that spot discounts will narrow. Regarding secondary lead, the issue of losses remains the primary concern. Production cuts by secondary lead smelters have increased, and the supply gap for scrap batteries may slightly improve. It is expected that transactions involving secondary refined lead at a premium will decrease...

The end-use consumption of lead-acid batteries is the lifeblood of the entire lead industry chain. Currently, weak downstream consumption has led to a low replacement rate of new and old batteries and a small volume of scrap batteries in the market. According to waste lead-acid battery recyclers, the collection volume at storefronts is low, and there is a strong reluctance to sell, resulting in increasing pressure on procurement recently. Some recyclers have even stated that their daily turnover is less than 50% of previous years. Tight supply of raw materials has constrained the production of smelters.