Secondary Lead: Downstream Battery Producers Maintain Just-in-Time Procurement with Moderate Purchase Enthusiasm [SMM Lead Midday Review]

SMM December 12 News:

The SMM #1 lead average price today dropped by 50 yuan/mt from yesterday to 17,025 yuan/mt. Spot orders of secondary refined lead were scarce, and suppliers showed low enthusiasm for selling. Mainstream tax-inclusive ex-works quotations against the SMM #1 lead average price remained at discounts of 50-0 yuan/mt (with some sources at a premium of 50 yuan/mt ex-works), while individual sources in central China and south-west China were at a discount of 75 yuan/mt. Tax-excluded refined lead ex-works quotations were around 15,800 yuan/mt. Downstream battery producers maintained just-in-time procurement, with average purchasing enthusiasm. Today's procurement sentiment for secondary refined lead was 1.46, and sales sentiment was 0.67. (Historical data can be queried in the database.)