Secondary Lead: Lead Prices Stop Falling and Rebound, Downstream Battery Producers' Purchase Enthusiasm Improves [SMM Lead Midday Review]

Published: Dec 3, 2025 12:09

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SMM December 3 News:

Today, the SMM #1 lead average price rose by 25 yuan/mt to 17,075 yuan/mt compared with yesterday, while suppliers of secondary refined lead showed relatively small changes in their willingness to sell. Spot order quotations remained firm, with mainstream tax-inclusive ex-works quotations at discounts of 50-0 yuan/mt against the SMM #1 lead average price, and tax-exclusive ex-works quotations for refined lead at 15,850-15,950 yuan/mt. As lead prices stopped falling and rebounded, downstream battery producers showed improved enthusiasm for purchasing. Today, the purchasing sentiment for secondary refined lead was 2.81, and the selling sentiment was 1.43. (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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