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Home / Metal News / Secondary Lead: Suppliers of Refined Lead Show Weak Quotation Willingness, Downstream Enterprises Remain Cautious and Adopt a Wait-and-See Approach [SMM Lead Midday Review]
Secondary Lead: Suppliers of Refined Lead Show Weak Quotation Willingness, Downstream Enterprises Remain Cautious and Adopt a Wait-and-See Approach [SMM Lead Midday Review]
Dec 18, 2025 12:11SMM December 18 news:
Today's SMM #1 lead average price fell by 25 yuan/mt to 16,725 yuan/mt. Spot orders for secondary refined lead were limited, and suppliers showed weak willingness to quote. Mainstream tax-inclusive ex-works offers were at premiums of 0-50 yuan/mt against the SMM #1 lead average price, with some sources delivered to downstream enterprises at discounts of 30 yuan/mt. Mainstream tax-exclusive ex-works offers for refined lead were around 15,550 yuan/mt. Downstream battery producers maintained a wait-and-see sentiment, with inquiry enthusiasm declining, and some engaged in just-in-time procurement. Today's procurement sentiment for secondary refined lead was 2.19, while sales sentiment was 0.36. (Historical data can be queried by logging into 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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