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Home / Metal News / Secondary Lead: Smelters' Shipment Enthusiasm Improved Compared to Yesterday, Downstream Enterprises Maintain Just-in-Time Procurement [SMM Lead Midday Review]
Secondary Lead: Smelters' Shipment Enthusiasm Improved Compared to Yesterday, Downstream Enterprises Maintain Just-in-Time Procurement [SMM Lead Midday Review]
Sep 11, 2025 11:54SMM, Sep. 11:
The SMM #1 lead average price rose by 50 yuan/mt from yesterday to 16,750 yuan/mt today. Mainstream secondary refined lead supplies in east and north China were at a premium of 0-50 yuan/mt against the SMM #1 lead average price, while discounts in Guangxi, Hunan, and nearby regions were around 50 yuan/mt. The mainstream tax-exclusive prices were 15,650-15,700 yuan/mt. Smelters' willingness to sell improved compared with yesterday, while downstream enterprises showed moderate inquiry sentiment and made just-in-time procurement only. The procurement sentiment for secondary refined lead was 0.72 today, and the sales sentiment was 1.12 (historical data can be queried in the database).
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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