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Home / Metal News / Secondary Lead: Downstream Battery Producers' Purchase Enthusiasm Improves, Inquiries Remain Moderate [SMM Lead Midday Review]
Secondary Lead: Downstream Battery Producers' Purchase Enthusiasm Improves, Inquiries Remain Moderate [SMM Lead Midday Review]
Nov 4, 2025 12:00SMM November 4 News:
The SMM #1 lead average price increased by 25 yuan/mt to 17,250 yuan/mt today. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, and the mainstream ex-factory offer excluding tax was 15,900-16,000 yuan/mt. Suppliers' willingness to sell changed relatively little, and the number of offers remained limited. Downstream battery producers' purchasing enthusiasm improved, and their inquiry sentiment was moderate. The secondary refined lead purchasing sentiment was 1.1 today, while the selling sentiment was 1.4 (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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