Secondary Lead: Downstream Maintains Just-in-Time Procurement, Refined Lead Transactions Performed Poorly Today [SMM Lead Midday Review]

Published: Mar 17, 2025 12:01

Save

[SMM Lead Midday Review: Downstream Maintains Just-in-Time Procurement, Refined Lead Transactions Performed Poorly Today] SMM, March 17: Today, the SMM 1# lead average price increased by 75 yuan/mt compared to Friday, reaching 17,375 yuan/mt. Due to poor transactions, secondary refined lead suppliers expanded ex-factory discounts, with mainstream supplies quoting discounts of 100-75 yuan/mt against the SMM 1# lead average price.

SMM March 17 News:

Today, the SMM 1# lead average price increased by 75 yuan/mt compared to Friday, reaching 17,375 yuan/mt. Secondary refined lead suppliers, due to poor transactions, expanded ex-factory discounts, with mainstream supplies quoted at a discount of 100-75 yuan/mt to the SMM 1# lead price. Today's ex-factory quotes for tax-free refined lead in the market were at 16,300-16,400 yuan/mt. Downstream battery producers maintained restocking based on rigid demand, while refined lead transactions performed poorly today.

》Subscribe to view historical SMM metal spot prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses

Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.

20 hours ago

"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"

Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.

20 hours ago

Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt

The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.

20 hours ago