Secondary Lead: Weak Supply and Demand in the Spot Market, Refined Lead Transactions Sluggish Today [SMM Lead Midday Review]

Published: Jan 24, 2025 11:17 (GMT+8)

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[SMM Lead Midday Review: Weak Supply and Demand in the Spot Market, Refined Lead Transactions Sluggish Today] SMM, January 24: Today, the SMM 1# lead average price increased by 50 yuan/mt compared to yesterday, reaching 16,650 yuan/mt. The spot market saw weak supply and demand; suppliers have entered holiday mode, with few quotes for secondary refined lead. Quotes for certain low-bismuth lead sources showed a premium of 50 yuan/mt ex-factory...

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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