Secondary Lead: Lead Prices Maintain Downward Trend, Downstream Exhibits Wait-and-See Sentiment, Purchase Enthusiasm Declines [SMM Lead Midday Review]

SMM December 17 news:

Today, the SMM #1 lead average price fell by 75 yuan/mt to 16,750 yuan/mt compared with yesterday. Suppliers of secondary refined lead showed low willingness to sell, with most choosing not to sell. Mainstream tax-inclusive ex-works quotations were at premiums of 0~50 yuan/mt against the SMM #1 lead average price, while tax-exclusive ex-works quotations for refined lead were around 15,600 yuan/mt. Downstream battery producers held a wait-and-see sentiment as lead prices continued to decline, leading to decreased purchasing enthusiasm. Some restocked based on rigid demand at low prices, resulting in limited transactions. Today, the purchasing sentiment for secondary refined lead was 2.2, while the selling sentiment was 0.12. (Historical data can be queried in the database.)