Secondary Lead: Suppliers Have Low Willingness to Sell, Few Spot Order Quotations; Refined Lead Sees Sluggish Trading Today [[SMM Lead Midday Review]]

Published: Apr 29, 2025 12:02

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[SMM Lead Midday Review: Suppliers' Willingness to Sell Low, Few Spot Order Quotations; Sluggish Refined Lead Transactions Today] SMM reported on April 29: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,775 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. As the holiday approaches, downstream battery producers have largely completed their stockpiling of lead ingots, and currently rely mainly on long-term contracts for purchases, with low willingness to purchase spot orders of lead ingots. Secondary lead smelters have increased production cuts and suspensions, with low willingness to sell and few spot order quotations.

SMM, April 29:

Today, the SMM 1# lead average price remained unchanged from yesterday at 16,775 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. As the holiday approaches, downstream battery producers have largely completed their stockpiling of lead ingots. Currently, they primarily purchase lead ingots through long-term contracts, with low willingness to purchase spot orders. Secondary lead smelters have increased production cuts and suspensions, with low willingness to sell and few spot quotes. The mainstream ex-factory prices of secondary refined lead are at a discount of 25-0 yuan/mt against the SMM 1# lead average price. The ex-factory prices, excluding tax, range from 15,750 to 15,900 yuan/mt, with sluggish transactions.

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