Secondary Lead: Weak Purchasing Willingness From Downstream Enterprises, Poor Transactions of Secondary Refined Lead [SMM Lead Midday Review]

SMM, January 13: Today, the SMM 1# lead average price increased by 100 yuan/mt WoW to 16,600 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, with quotations in Anhui at a premium of 100 yuan/mt ex-factory, while quotations in Henan and Jiangsu were at parity. The ex-factory prices of tax-free refined lead in the market were reported at 15,750-15,850 yuan/mt. Suppliers followed market trends, while downstream enterprises showed weak purchasing interest. Some battery producers had mostly completed stockpiling, and the transaction performance of secondary lead was moderate today. » Subscribe to view historical SMM metal spot prices.