Secondary Lead: Suppliers Show Low Willingness to Sell Secondary Refined Lead, Limited Quotations [SMM Lead Midday Review]

Published: Dec 9, 2025 11:55

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SMM December 9 News:

The SMM #1 lead average price today dropped by 100 yuan/mt from yesterday to 17,100 yuan/mt. Suppliers of secondary refined lead showed low willingness to sell, with limited quoted quantities. Mainstream tax-inclusive ex-factory quotations were at discounts of 50~0 yuan/mt against the SMM #1 lead average price, while individual quotations in central and south-west China were at discounts of 100 yuan/mt. Tax-exclusive ex-factory quotations for refined lead were 15,800~15,900 yuan/mt. Some downstream battery producers restocked on dips, with purchase willingness improving; however, some enterprises still maintained a wait-and-see sentiment, hoping to purchase after lead prices fall further. Today's purchase sentiment for secondary refined lead was 1.81, while the selling sentiment was 1.07. (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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