Secondary Lead: Spot Quotations for Secondary Refined Lead Show Little Change, Suppliers' Willingness to Sell Remains Moderate [SMM Lead Midday Review]

SMM November 12 News:

The SMM #1 lead average price increased by 25 yuan/mt from the previous day to 17,325 yuan/mt today, while spot order quotations for secondary refined lead showed relatively small changes. Suppliers' willingness to sell remained moderate, with mainstream spot order prices maintaining a discount of 50-0 yuan/mt against the SMM #1 lead average price. Some remote sources were discounted by 100 yuan/mt, and the mainstream ex-factory quotations excluding tax were 15,950-16,050 yuan/mt. Downstream battery producers restocked based on rigid demand, with a strong wait-and-see sentiment prevailing. The procurement sentiment for secondary refined lead was 0.49 today, while the sales sentiment was 1.53 (historical data can be queried in the database).