Secondary Lead: A Few Enterprises Restock on Dips Out of Necessity, Overall Refined Lead Transactions Remain Limited [SMM Lead Midday Review]

SMM February 19 News: Today, the SMM 1# lead average price dropped by 75 yuan/mt compared to yesterday, reaching 16,850 yuan/mt. During the early trading session, secondary refined lead ex-factory quotations were mainly at discounts of 50-0 yuan/mt against the SMM 1# lead price, with discounts of 100 yuan/mt rarely heard. The mainstream ex-factory quotations for tax-free refined lead were at 15,850-15,900 yuan/mt. Downstream battery producers maintained a strong wait-and-see attitude, with only a few enterprises restocking on a need basis today, resulting in limited overall transactions. » Subscribe to view historical SMM metal spot prices.