[SMM Lead Midday Review: Few Quotations from Refined Lead Suppliers, Sluggish Spot Order Market] SMM reported on May 14: In the morning, only a few enterprises offered quotations, with ex-factory prices at a premium of 50 yuan/mt against the SMM 1# lead average price. Downstream enterprises showed average willingness to inquire about prices.

[SMM Morning Lead Meeting Summary: Macro Factors Bullish vs. Off-Season Consumption, Lead Prices Continue to Consolidate at High Levels] Driven by sustained macro bullish factors, lead prices held up well overnight. This week, suppliers have been focusing on selling spot cargo. Yesterday, market transactions improved slightly, with suppliers showing low willingness to transfer to delivery warehouse. Recently, expectations for production cuts in secondary lead smelters have not yet eased. It is still necessary to continue to monitor changes in scrap batteries and the movement of delivery brands transferring to delivery warehouse. ...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 13 May, 2025

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Holds Up Well, While Spot Market Transactions Remain Sluggish] SMM May 13 report: In the Shanghai market, Chihong lead is priced at 16,880-16,950 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2506 contract or quoted on par with the SHFE lead 2505 contract. Honglu lead is priced at 16,950-16,970 yuan/mt, with a discount of 30-20 yuan/mt against the SHFE lead 2506 contract. In the Jiangsu-Zhejiang region, JCC and Jinde lead are quoted at 16,960-16,980 yuan/mt, with a discount of 30-0 yuan/mt against the 2506 contract. SHFE lead continues to hold up well, with suppliers actively selling and offering more discounts...