Secondary Lead: Rigid Demand Leans Towards Purchasing Primary Lead, Limited Transactions for Refined Lead [SMM Lead Midday Review]

Published: Feb 20, 2025 12:03

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[SMM Lead Midday Review: Rigid Demand Favors Primary Lead Procurement, Limited Transactions for Refined Lead] SMM, February 20: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,850 yuan/mt. During the morning session, ex-factory quotations for secondary refined lead were mainly at discounts of 50-0 yuan/mt against the SMM 1# lead price, with discounts of 100 yuan/mt rarely heard...

SMM News on February 20:

Today, the SMM 1# lead average price remained unchanged from yesterday at 16,850 yuan/mt. During the morning session, ex-factory quotations for secondary refined lead were mainly quoted 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 cautious stance, with rigid demand leaning towards purchasing primary lead, resulting in limited overall transactions for refined lead.

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