Secondary Lead: Suppliers of refined lead have low willingness to sell, with poor trading volume today [[SMM Lead Midday Review]]

Published: May 6, 2025 12:05

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[SMM Lead Midday Review: Poor Willingness to Sell Among Refined Lead Suppliers, Sluggish Trading Today] SMM reported on May 6: Today, the SMM 1# lead average price fell by 100 yuan/mt from the last trading day before the holiday to 16,600 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. The smelting cost of secondary lead remained high, and the willingness to sell was poor, with very few quotations today. A few smelters, eager to sell, quoted at discounts of 100-75 yuan/mt against the SMM 1# lead average price, while the rest quoted mainly on par with it.

SMM, May 6:

Today, the SMM 1# lead average price dropped by 100 yuan/mt from the last trading day before the holiday to 16,600 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. The smelting cost of secondary lead remains high, and the willingness to sell is low, resulting in very few quotations today. Some individual smelters, eager to sell, quoted at discounts of 100-75 yuan/mt against the SMM 1# lead average price, while the rest quoted mainly on par. Downstream buyers adopted a wait-and-see attitude and were cautious in purchasing after the holiday, leading to poor trading performance today.

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