[SMM Flash News] Today, the SMM 1# lead average price remained unchanged from yesterday at 16,575 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. Secondary refined lead suppliers offered very few quotations, with tax-inclusive ex-factory quotations mainly at parity or a small premium against the SMM 1# lead average price. Downstream lead-acid battery producers adopted a wait-and-see attitude and exercised caution in procurement, maintaining spot order purchases to meet immediate needs.