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Home / Metal News / Secondary Lead: Downstream Lead Ingot Procurement Enthusiasm Weakens Slightly, Refined Lead Transactions Remain Average [SMM Lead Midday Review]
Secondary Lead: Downstream Lead Ingot Procurement Enthusiasm Weakens Slightly, Refined Lead Transactions Remain Average [SMM Lead Midday Review]
Sep 26, 2025 12:10SMM September 26 News:
The SMM #1 lead average price today dropped by 25 yuan/mt to 16,925 yuan/mt compared with yesterday. Suppliers' offers saw relatively small changes from yesterday. The mainstream secondary refined lead spot cargo 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 gradually completed stockpiling, and purchasing enthusiasm for lead ingots weakened somewhat. The trading activity of refined lead was moderate. The procurement sentiment for secondary refined lead today was 1.31, while the sales sentiment was 1.26 (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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