【SMM Analysis: Increased Production Cuts and Shutdowns in Secondary Lead Smelters Due to Heavy Loss Pressure】SMM, April 25: Recently, the supply of waste lead-acid batteries has been tight, with extremely scarce circulating sources, leading to a continuous rise in purchase offers from secondary lead smelters. However, the downstream consumer market has been sluggish, and lead-acid battery producers extended their holiday during the Labour Day holiday, showing a clear lack of willingness to stockpile lead ingots. Several large enterprises ended their raw material reserves early, and the willingness to purchase spot orders was also low. At the same time, secondary lead smelters maintained firm offers due to high costs, making downstream enterprises more inclined to purchase from the primary lead market, further weakening the market competitiveness of secondary lead. Against the backdrop of an overall sluggish trading atmosphere, the transaction situation of secondary refined lead has become increasingly weak.