Secondary Lead: Downstream Enterprises' Buying Sentiment Remains Relatively Small, and the Discount on Secondary Refined Lead Is Expected to Widen Further [SMM Lead Midday Review]

Published: Feb 13, 2025 11:53

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[SMM Lead Midday Review: Downstream Buying Sentiment Remains Relatively Small, Secondary Refined Lead Discounts Expected to Widen Further] SMM, February 13: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,925 yuan/mt. During the morning session, mainstream ex-factory quotations for secondary refined lead were at discounts of 125-0 yuan/mt against the SMM 1# lead price. Some sources quoted on parity, with small discounts available for delivery to nearby downstream buyers...

SMM News, February 13: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,925 yuan/mt. During the morning session, mainstream ex-factory quotations for secondary refined lead were at discounts of 125-0 yuan/mt against the SMM 1# lead price. Certain sources were quoted on parity, with small discounts available for delivery to nearby downstream buyers. Mainstream ex-factory quotations for refined lead excluding tax were in the range of 15,900-16,000 yuan/mt. Today, the buying sentiment among downstream battery producers showed little change compared to yesterday, with overall transactions being moderate. Additionally, with the SHFE lead 2502 contract delivery date approaching, the impact of lead ingot inventory buildup on the discounts for secondary refined lead quotations is being monitored.

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