SMM Lead Midday Review: Downstream Purchase Willingness Was Poor, and Refined Lead Suppliers' Willingness to Sell Was Also Low. SMM, April 24: Today, the SMM 1# lead average price dropped by 75 yuan/mt to 16,775 yuan/mt compared to yesterday, with the price difference between primary metal and scrap at 25 yuan/mt. Due to high raw material prices and significant cost pressure on secondary lead, suppliers' willingness to sell remained low after the lead price decline, with limited and firm offers.

SMM Lead Morning Meeting Summary: Refined Lead Supply Sees Mixed Changes, Lead Prices Fluctuate at Highs. Fundamentals side, lead prices weakened in the early session yesterday, while mainstream quotations for scrap batteries did not follow the decline. The scrap battery supply index remained at a historical high, putting secondary refined lead smelters under significant pressure. Manufacturers held back sales and adopted a wait-and-see approach, keeping spot cargo quotations firm. In terms of primary lead, smelters in Henan that had undergone maintenance and production cuts resumed operations this week, with the discount for primary lead in Henan slightly widening mid-week. On the consumption side...