[SMM Flash News] Domestic secondary crude lead supply is scarce, with overseas crude lead (from Malaysia, Thailand, Japan, etc.) flowing into the domestic market to supplement it. Currently, the supply situation is relatively sporadic. Follow-up attention should be paid to the impact of price changes on overseas crude lead arrivals. As of July 4, 2025, the tax-inclusive mainstream price of secondary crude lead was reported to be around 16,950 yuan/mt, and the self pick-up price of overseas crude lead was approximately 16,750 yuan/mt.