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Home / Metal News / Secondary lead: Downstream inquiries show moderate enthusiasm, and restocking for immediate needs still mainly relies on purchases under long-term contracts [SMM Lead Midday Review]
Secondary lead: Downstream inquiries show moderate enthusiasm, and restocking for immediate needs still mainly relies on purchases under long-term contracts [SMM Lead Midday Review]
Jul 4, 2025 11:59Source:SMM
SMM July 4 News:
Today, the SMM 1# lead average price increased by 25 yuan/mt from yesterday to 17,025 yuan/mt. The mainstream cargo was offered at a discount of 50-0 yuan/mt against the SMM 1# lead average price, and the ex-factory quotes for cargo in Central China and nearby regions could reach a discount of 120 yuan/mt. The mainstream ex-factory prices for tax-free refined lead in the market ranged from 15,900 to 16,000 yuan/mt. Downstream enterprises showed average enthusiasm for inquiries, with restocking for immediate needs still primarily through long-term contract purchases, and only selectively purchasing a small amount of spot order cargo.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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