Secondary Lead: Wait-and-See Sentiment Prevails in the Market on the First Trading Day After the Holiday [SMM Lead Midday Review]

SMM October 09 News:

Today, the SMM #1 lead average price remained unchanged from the pre-holiday level at 16,800 yuan/mt. On the first trading day after the holiday, market wait-and-see sentiment was strong. Mainstream secondary refined lead supplies were mostly at parity with the SMM #1 lead average price, with the tax-exclusive price around 15,650 yuan/mt; suppliers were reluctant to sell, holding firm on prices due to bullish outlooks for the future, while downstream battery producers' purchase willingness was moderate. Today, the purchase sentiment for secondary refined lead was 1.35, and the sales sentiment was 1.25 (historical data can be queried in the database).