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

Published: Nov 12, 2025 11:54

Save

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).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 mins ago

Data: SHFE, DCE market movement (Apr 01)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Apr , 2026

10 mins ago

6 hours ago

Outside China Lead Ingot Destocking Exceeded 1,000 mt, LME Lead Rebounded After Testing Lower Levels [SMM Lead Morning Brief]

[SMM Lead Morning Comment: Lead Ingot Destocking Outside China Exceeded 1,000 mt, LME Lead Rebounded After Testing Lower Levels] SMM News on April 1: Overnight, LME lead opened at $1,908.5/mt. During the Asian session, LME lead fluctuated at highs, trading mostly in the $1,905-1,915/mt range......

6 hours ago

Fundamentals Had Limited Impact on Lead Prices; Focus on Guidance From Macro Changes [SMM Lead Morning Meeting Summary]

[SMM Lead Morning Meeting Summary: Fundamentals Had Limited Impact on Lead Prices, Attention Should Be Paid to Guidance From Macro Changes] US President Trump said he would end the Iran conflict within “two to three weeks.” Recently, lead ingot inventory trends in and outside China have diverged slightly. Consumption in the Chinese market has relatively weakened, and trading in the spot market has been sluggish...

6 hours ago