Secondary Lead: Limited Price Increase for Secondary Refined Lead with Moderate Spot Order Purchase Willingness [SMM Lead Midday Review]

Published: Nov 10, 2025 11:53

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SMM November 10 News:

Today, the SMM #1 lead average price rose by 50 yuan/mt WoW to 17,300 yuan/mt, while the increase in secondary refined lead prices was limited. 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 15,900-16,000 yuan/mt. Downstream battery producers mainly picked up goods under long-term contracts, with low purchase willingness for spot orders. Today, the purchase sentiment for secondary refined lead was 0.93, and the sales sentiment was 1.45 (historical data can be queried in the database).

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