Secondary Lead: Narrowing Discount of Ex-Factory Quotation for Refined Lead, Downstream Maintains Just-In-Time Procurement [SMM Lead Midday Review]

SMM April 2 News: Today, the SMM 1# lead average price decreased by 50 yuan/mt to 17,100 yuan/mt. There were few spot order quotations for secondary refined lead, and most producers mainly shipped under long-term contracts. Today, the mainstream spot cargo was at a discount of 50-0 yuan/mt against the SMM 1# lead average price ex-factory. The ex-factory prices of tax-excluded refined lead ranged from 16,050 to 16,250 yuan/mt, with 16,100 yuan/mt being the mainstream quotation. Downstream battery producers restocked based on rigid demand, and the trading of refined lead was moderate today. 》Order to view SMM metal spot historical prices