Secondary lead: Suppliers' willingness to sell secondary refined lead is moderate, with limited quoted quantities [SMM Lead Midday Review]

Published: Nov 26, 2025 12:02

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SMM November 26 news:

Today, the SMM #1 lead average price was flat from the previous day at 17,000 yuan/mt. Suppliers of secondary refined lead showed moderate willingness to sell, with limited quoted volumes. Mainstream spot order quotations including tax were at premiums of -50~0 yuan/mt against the SMM #1 lead average price, while ex-factory quotations for non-tax refined lead were 15,800-15,850 yuan/mt. Downstream battery producers mainly made just-in-time procurement, favoring the primary lead market due to firm secondary refined lead prices. Today, the procurement sentiment for secondary refined lead was 2.02, while the selling sentiment was 0.7. (Historical data can be queried by logging into the database.)

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