Secondary Lead: Downstream Battery Producers Show Improved Purchase Enthusiasm, Some Enterprises Restock Only for Essential Needs Due to Concerns Over Future Price Declines [SMM Lead Midday Review]

SMM November 27 news:

Today, the SMM #1 lead average price fell by 100 yuan/mt to 16,900 yuan/mt compared with yesterday. Suppliers of secondary refined lead showed low willingness to sell, with few quotations. Mainstream quotations for spot orders including tax were at premiums of 0-50 yuan/mt against the SMM #1 lead average price, while ex-factory quotations for refined lead excluding tax were around 15,700 yuan/mt. Downstream battery producers showed improved enthusiasm for purchasing, with some enterprises restocking only for rigid demand due to fears of a price decline in the later market. Today, the procurement sentiment for secondary refined lead was 2.39, and the sales sentiment was 0.31. (Historical data can be queried by logging into the database.)