Although the quoted price of secondary refined lead remains firm, there is no sign of improvement in the profit and loss situation of secondary lead smelters [SMM Weekly Review of Secondary Refined Lead]

SMM August 15 News:

During the week, suppliers of secondary refined lead had low willingness to sell, with fewer quoted prices. The ex-factory prices, including tax, were mainly at a premium of 0-50 yuan/mt against the SMM #1 lead average price, while the ex-factory prices, excluding tax, were around 900 yuan/mt lower than the SMM #1 lead average price. Downstream enterprises adopted a cautious approach to purchasing based on immediate needs, and there was no competitive advantage in the supply of secondary refined lead.

Regarding profits, lead prices rose first and then fell this week, while scrap battery prices remained stable with a slight decline. As of August 15, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises was -444 yuan/mt, and for small- and medium-scale secondary lead enterprises, it was -667 yuan/mt.

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