Secondary Lead: Downstream Battery Producers Fear Price Declines in the Future Market, Adopting a Cautious Approach to Spot Order Purchases [SMM Lead Midday Review]

Published: May 22, 2025 11:59

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[SMM Lead Midday Review: Downstream Battery Producers Wary of Future Price Declines, Cautious Sentiment in Refined Lead Spot Order Purchases] SMM reported on May 22: Today, the SMM 1# lead average price fell by 100 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. The trading sentiment in the secondary lead market remained relatively small, with few quotations from enterprises. The ex-factory quotations (tax-included) were mainly quoted at discounts of 50-0 yuan/mt against the SMM 1# lead average price, with a few sources quoted at a discount of 140 yuan/mt.

SMM May 22 News:

Today, the SMM 1# lead average price dropped by 100 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. The trading sentiment in the secondary lead market remained relatively unchanged, with few quotations from enterprises. The ex-factory tax-inclusive quotations were mainly quoted at discounts of 50-0 yuan/mt against the SMM 1# lead average price, with individual supplies quoted at a discount of 140 yuan/mt. Downstream battery producers were cautious about purchasing due to fears of further price declines in the future market. Trading of refined lead supplies at large discounts improved slightly, with some secondary lead enterprises reporting that trading volume exceeded 150 mt today.

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