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Home / Metal News / Secondary lead: Spot orders for secondary refined lead are scarce, and the enthusiasm for quoting is average [SMM Lead Midday Review]
Secondary lead: Spot orders for secondary refined lead are scarce, and the enthusiasm for quoting is average [SMM Lead Midday Review]
Dec 11, 2025 12:02SMM December 11 News:
The SMM #1 lead average price today increased by 100 yuan/mt from yesterday to 17,075 yuan/mt. Spot supply of secondary refined lead was scarce, and quotation activity was moderate. Mainstream tax-inclusive ex-factory quotations were at premiums of -50~0 yuan/mt against the SMM #1 lead average price, with some supply in central China and south-west China at a discount of 75 yuan/mt. Tax-exclusive ex-factory quotations for refined lead were around 15,850 yuan/mt. Downstream battery producers generally had ample lead ingot raw material inventory, and purchasing enthusiasm weakened after the lead price rose. Today's purchasing sentiment for secondary refined lead was 1.35, while the selling sentiment was 0.88. (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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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