Secondary Lead: Supplier Quotes Show Relatively Small Discount Changes, Downstream Adopts a Wait-and-See Attitude with Just-in-Time Procurement [SMM Lead Midday Review]

SMM February 24 News: Today, the SMM 1# lead average price remained flat WoW at 16,900 yuan/mt. During the early trading session, secondary refined lead ex-factory quotations were mainly at discounts of 80-0 yuan/mt against the SMM 1# lead price, while supplies in South China were quoted at a discount of 100 yuan/mt ex-factory. The mainstream ex-factory quotations for tax-exclusive refined lead were at 15,850-15,900 yuan/mt. Due to the prolonged consolidation of lead prices, downstream battery producers continued to adopt a wait-and-see approach with restocking limited to just-in-need purchases, resulting in relatively stable refined lead transactions. 》Subscribe to view historical SMM metal spot prices