Secondary Lead: Discounts for Secondary Refined Lead Remain Narrow, Downstream Battery Producers Show Moderate Inquiries and Purchase Willingness [SMM Lead Midday Review]

SMM November 20 News:

The SMM #1 lead average price increased by 25 yuan/mt to 17,125 yuan/mt today. Suppliers of secondary refined lead showed moderate willingness to quote, and the discount range remained narrow. Mainstream spot order quotations including tax were at discounts of 50~0 yuan/mt against the SMM #1 lead average price, while ex-factory quotations for non-tax refined lead ranged from 15,850 to 16,000 yuan/mt. Downstream battery producers showed moderate inquiry and purchase willingness, and sources quoted at discounts were more easily traded. The purchase sentiment for secondary refined lead today was 2.42, while the sales sentiment was 0.87 (historical data can be queried by logging into the database).