Secondary Lead: Suppliers' Willingness to Sell Secondary Refined Lead Remains Relatively Stable Compared to Last Friday, Downstream Battery Producers Make Just-in-Time Procurement [SMM Lead Midday Review]

SMM December 1 News:

The SMM #1 lead average price today was flat WoW at 16,975 yuan/mt, while suppliers' willingness to sell secondary refined lead changed little from last Friday. During the morning session, mainstream spot order offers including tax were quoted at premiums of -50~0 yuan/mt against the SMM #1 lead average price, while non-tax refined lead ex-works offers were around 15,800 yuan/mt. Downstream battery producers made just-in-time procurement, with some still holding a wait-and-see sentiment and showing low purchasing enthusiasm. Today's procurement sentiment for secondary refined lead was 2.39, while the selling sentiment was 1.24. (Historical data can be queried in the database.)