Secondary Lead: Suppliers of Secondary Refined Lead Show Low Willingness to Sell, Downstream Battery Producers Exhibit Moderate Willingness to Purchase [SMM Lead Midday Review]

SMM November 18 News:

The SMM #1 lead average price dropped by 125 yuan/mt to 17,150 yuan/mt today. Suppliers of secondary refined lead showed limited willingness to sell, resulting in a small number of quotations. The mainstream spot order quotations including tax were at premiums of -75~0 yuan/mt against the SMM #1 lead average price, while the mainstream ex-works quotations excluding tax were 15,900~15,950 yuan/mt. Downstream battery producers had moderate purchase intentions, with some still adopting a wait-and-see approach, leading to overall moderate transactions. The procurement sentiment for secondary refined lead was 2.01 today, while the sales sentiment was 0.97 (historical data can be queried in the database).