Secondary lead: Secondary refined lead prices remain firm, while downstream enterprises show low willingness to inquire about prices [SMM Lead Midday Review]

Published: Jul 28, 2025 11:59

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SMM July 28 News:

Today, the SMM #1 lead average price rose by 25 yuan/mt from last Friday to 16,775 yuan/mt. The ex-factory prices of mainstream tax-included secondary refined lead sources had a premium of 0-50 yuan/mt against the SMM #1 lead average price. The mainstream tax-excluded prices ranged from 15,800 to 15,850 yuan/mt. The willingness to sell among secondary lead smelters was average. Due to the firm prices, downstream battery producers showed low interest in inquiring about prices, and their just-in-time procurement leaned towards primary lead, resulting in sluggish refined lead transactions.

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