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]

Published: Dec 2, 2025 11:56

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SMM December 2 News:

The SMM #1 lead average price increased by 75 yuan/mt to 17,050 yuan/mt today, and suppliers of secondary refined lead showed improved willingness to sell. The mainstream spot order ex-works quotations including tax were at discounts of 50~0 yuan/mt against the SMM #1 lead average price, while the ex-works 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 about future price increases. The procurement sentiment for secondary refined lead was 2.8 today, while the sales sentiment was 1.6 (historical data can be queried in the database).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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