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Secondary Lead: Downstream Enterprises' Purchase Enthusiasm Shows Little Change from Yesterday, Suppliers Report Average Transactions [SMM Lead Midday Review]

iconSep 25, 2025 12:09

SMM September 25 News:

The SMM #1 lead average price today remained flat from the previous day at 16,950 yuan/mt. The mainstream secondary refined lead supply in the market was at a discount of 100-0 yuan/mt against the SMM #1 lead average price, with tax-exclusive prices ranging from 15,650-15,750 yuan/mt, and tax-exclusive secondary crude lead delivered to plants was around 15,800 yuan/mt. Downstream enterprises' purchasing enthusiasm showed relatively small changes compared to yesterday, and suppliers reported flat transactions. The secondary refined lead procurement sentiment today was 1.31, while the sales sentiment was 1.28 (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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