Secondary Lead: Refined Lead Spot Order Quotations Decrease, Downstream Enterprises Adopt a Wait-and-See Approach for Restocking [SMM Lead Midday Review]

SMM April 1 News: Today, the SMM 1# lead average price remained unchanged from yesterday at 17,150 yuan/mt. The spot order quotations for secondary refined lead decreased, with most producers mainly shipping under long-term contracts. Today, the mainstream market supply was at a discount of 50-0 yuan/mt against the SMM 1# lead average price ex-factory. The ex-factory prices for tax-excluded refined lead were mainly at 16,150-16,200 yuan/mt, with remote areas quoting 15,950 yuan/mt. Downstream battery producers restocked based on rigid demand, and the trading of refined lead was moderate today. As the Qingming Festival holiday approaches, some battery producers plan to take a holiday, but most producers are observing the market and preparing for stockpiling before the holiday. 》Order to view SMM metal spot historical prices