Secondary Lead: Downstream Battery Producers Show Low Purchase Willingness for Spot Orders Due to Significant Lead Price Increase [SMM Lead Midday Review]

SMM November 5 News:

Today, the SMM #1 lead average price increased by 75 yuan/mt from the previous day to 17,325 yuan/mt. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with some remote supply sources discounted by 100 yuan/mt. The mainstream ex-factory offer excluding tax was 16,000-16,100 yuan/mt. Most suppliers showed strong wait-and-see sentiment today due to limited finished products and expectations of rising prices in the future. Downstream battery producers had low purchase willingness for spot orders as lead prices rose significantly. Today, the purchase sentiment for secondary refined lead was 1.35, and the sales sentiment was 1.54 (historical data can be queried in the database).