Secondary Lead: Downstream Battery Producers Exhibit Strong Wait-and-See Sentiment, Awaiting Opportunities to Purchase at Lower Prices [SMM Lead Midday Review]

SMM December 15 News:

Today, the SMM #1 lead average price fell by 50 yuan/mt WoW to 16,975 yuan/mt. Suppliers of secondary refined lead showed weak sales enthusiasm, with scarce quoted volumes. Mainstream tax-inclusive ex-factory quotations were at premiums of -50~0 yuan/mt against the SMM #1 lead average price, while individual supplies in central China and south-west China maintained premiums of -75 yuan/mt. Tax-exclusive ex-factory quotations for refined lead were around 15,750 yuan/mt. Downstream battery producers exhibited strong wait-and-see sentiment, waiting for bargain purchases. Today, the purchase sentiment for secondary refined lead was 1.58, while the sales sentiment was 0.6. (Historical data can be queried in the database.)