Secondary Lead: Suppliers of Secondary Refined Lead Show Improved Willingness to Sell, Downstream Purchasing Enthusiasm Increases Amid Concerns Over Future Price Rises [SMM Lead Midday Review]

SMM December 2 News:

The SMM #1 lead average price today increased by 75 yuan/mt from yesterday to 17,050 yuan/mt, and suppliers of secondary refined lead showed improved willingness to sell. 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-factory quotations for refined lead excluding tax were 15,700~15,850 yuan/mt. Downstream battery producers maintained just-in-time procurement, with some increasing purchase enthusiasm due to concerns over future price increases. Today's procurement sentiment for secondary refined lead was 2.39, and the sales sentiment was 1.24 (historical data can be queried in the database).