Secondary Lead: Increased Purchase Willingness in Downstream, Signs of Improvement in Refined Lead Transactions [SMM Lead Midday Review]

SMM June 10 News:

Today, the SMM 1# lead average price increased by 100 yuan/mt from yesterday to 16,625 yuan/mt. Despite the price increase, secondary lead smelters remained in a state of loss, and thus their willingness to sell remained low. During the morning session, the ex-factory prices of mainstream secondary refined lead were generally on par with the SMM 1# lead average price, with a price difference between primary metal and scrap of 25 yuan/mt. The ex-factory prices (tax not included) ranged from 15,600 to 15,750 yuan/mt. Downstream battery producers, anticipating further price increases, showed improved purchase willingness, but generally still restocked based on immediate needs. Additionally, as primary lead suppliers leaned towards delivery, spot quotes remained firm, and there was a slight improvement in spot refined lead order transactions today.

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