Secondary Lead: Suppliers' Sales Sentiment Slightly Declined, Downstream Restocking for Rigid Demand Achieved Moderate Transactions [SMM Lead Midday Review]

SMM Oct 14:

Today, the SMM #1 lead average price dropped by 50 yuan/mt to 16,875 yuan/mt. Suppliers' selling sentiment for secondary refined lead slightly declined, while the mainstream spot order discount remained at a reduction of 50-0 yuan/mt against the SMM #1 lead average price. The tax-exclusive price remained relatively firm due to rising scrap battery raw material costs, with limited declines maintaining around 15,700 yuan/mt. The purchasing sentiment for secondary refined lead was 2.23 today, while the selling sentiment was 1.46 (historical data can be queried in the database). Downstream restocked based on rigid demand, and transactions were moderate.