SMM January 24 News:
Today, the SMM 1# lead average price increased by 50 yuan/mt from yesterday to 16,650 yuan/mt, with sluggish supply and demand in the spot market. Suppliers have entered holiday mode, and quotes for secondary refined lead are scarce, with individual low-bismuth lead sources quoted at a premium of 50 yuan/mt ex-factory. The suggested ex-factory price for tax-free refined lead in the market ranges from 15,650 to 15,800 yuan/mt. Downstream battery producers have largely ceased procurement, and secondary lead transactions remain sluggish.
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![Tight Warehouse Supply in Jiangsu, Zhejiang, and Shanghai, Stronger Support From Firm Spot Price Offers [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/yqTpQ20251217171721.jpeg)
