Secondary Lead: Spot Market Sentiment Remained Cautious, Refined Lead Transactions Were Limited Today [SMM Lead Midday Review]

Published: Feb 5, 2025 11:44

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[SMM Lead Midday Review: Strong Wait-And-See Sentiment in Spot Market, Limited Refined Lead Transactions Today] SMM, February 5: Today, the SMM 1# lead average price increased by 225 yuan/mt compared to pre-holiday levels, reaching 16,825 yuan/mt. The spot market showed strong wait-and-see sentiment as downstream battery producers were still gradually resuming production, resulting in low purchasing interest for lead ingots...

SMM reported on February 5:

Today, the SMM 1# lead average price increased by 225 yuan/mt compared to pre-holiday levels, reaching 16,825 yuan/mt. Sentiment in the spot market remained cautious as downstream battery producers were still gradually resuming production, resulting in low purchasing interest for lead ingots. There were few quotes for secondary refined lead today, with increases ranging from 150-250 yuan/mt. The suggested ex-factory price for tax-exclusive refined lead in the market was 15,800-16,000 yuan/mt, and transactions were relatively sluggish.

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