Secondary Lead: Few Spot Orders for Secondary Lead, Suppliers Hold Back Cargoes [SMM Lead Noon Review]

SMM November 21 News:

The SMM #1 lead average price today dropped by 50 yuan/mt to 17,075 yuan/mt compared with yesterday, and suppliers of secondary refined lead showed low willingness to sell, resulting in fewer quotations. The mainstream spot order quotations including tax were at premiums of -50~0 yuan/mt against the SMM #1 lead average price, while the ex-works quotations for non-tax refined lead were 15,850~15,950 yuan/mt. Downstream battery producers had moderate inquiry and purchase willingness, but due to the limited spot orders of secondary lead, suppliers held back cargoes, making transactions difficult. The purchase sentiment for secondary refined lead today was 2.39, and the sales sentiment was 0.83 (historical data can be queried in the database).