Secondary Lead: Weak Supply and Demand in the Market, Some Refined Lead Suppliers Offer Discounts [SMM Lead Midday Review]

Published: Jan 16, 2025 12:01

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[SMM Lead Midday Review: Weak Supply and Demand in the Market, Some Refined Lead Suppliers Offer Discounts] SMM reported on January 15: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,575 yuan/mt. The spot market saw weak supply and demand, with some suppliers offering ex-factory discounts of 50 yuan/mt against the SMM 1# lead average price to facilitate sales...

On January 16, SMM reported that the SMM 1# lead average price remained unchanged from the previous day at 16,575 yuan/mt. In the spot market, supply and demand were both sluggish. Some suppliers quoted at a discount of 50 yuan/mt against the SMM 1# lead average price on an ex-factory basis, while other secondary refined 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 15,750-15,800 yuan/mt. Suppliers followed market trends, while most downstream battery producers had largely completed stockpiling, and transactions for secondary lead were sluggish.
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