Secondary Lead: Some Tax-Inclusive Delivered Supplies Show Firm Prices, Even Higher Than Primary Lead, with Unsatisfactory Trading Volume [SMM Lead Midday Review]

SMM November 19 News:

The SMM #1 lead average price today dropped by 50 yuan/mt to 17,100 yuan/mt compared with yesterday. Suppliers of secondary refined lead showed moderate willingness to sell, with limited quoted volumes. The mainstream spot order quotations including tax were at premiums of -50~0 yuan/mt against the SMM #1 lead average price, while the mainstream ex-factory quotations excluding tax were 15,900~15,950 yuan/mt. Downstream battery producers feared price increases in the future, so their inquiry and purchase willingness increased today. However, as the tax-inclusive delivered prices of secondary refined lead remained firm or even higher than those of primary lead, the transaction situation was not optimistic. The purchase sentiment for secondary refined lead today was 2.44, while the selling sentiment was 0.85 (historical data can be queried in the database).