[SMM Flash News] Today, the SMM 1# lead average price dropped by 50 yuan/mt from yesterday to 16,725 yuan/mt. Secondary lead smelters primarily sold through long-term contracts, with limited spot order quotations. The ex-factory prices of mainstream secondary refined lead were at a discount of 30-0 yuan/mt against the SMM 1# lead average price. The ex-factory prices excluding tax followed the decline to a limited extent, quoted at around 15,800 yuan/mt.