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Home / Metal News / Secondary Lead: Downstream Enterprises Exhibit Strong Wait-and-See Sentiment, But Inquiries Improve Compared to Yesterday [SMM Lead Midday Review]
Secondary Lead: Downstream Enterprises Exhibit Strong Wait-and-See Sentiment, But Inquiries Improve Compared to Yesterday [SMM Lead Midday Review]
Nov 14, 2025 11:57SMM November 14 News:
Today, the SMM #1 lead average price decreased by 75 yuan/mt from yesterday to 17,425 yuan/mt. The spot order offers for secondary refined lead with tax widened slightly in discounts, ranging from a discount of 120 to 0 yuan/mt against the SMM #1 lead average price. The mainstream ex-works offers without tax were 16,050-16,150 yuan/mt. Downstream enterprises showed improved willingness to inquire compared to yesterday, but maintained a strong wait-and-see sentiment, sticking to rigid demand restocking. Today, the procurement sentiment for secondary refined lead was 0.76, while the sales sentiment was 1.54 (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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