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

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. 》Subscribe to view historical SMM metal spot prices