Secondary Lead: Downstream Sentiment Remains Cautious, Refined Lead Transactions Are Moderate [SMM Lead Midday Review]

SMM, January 7: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,700 yuan/mt. Secondary lead was quoted at premiums of 0-100 yuan/mt against the SMM 1# lead average price on an ex-factory basis. The ex-factory prices of tax-free refined lead in the market were reported at 15,950-16,050 yuan/mt, with relatively small changes. As the Chinese New Year holiday approaches, downstream enterprises have a customary need for stockpiling; however, due to their cautious sentiment, refined lead transactions were moderate.》Subscribe to view historical SMM metal spot prices.