Secondary Lead: Downstream Enterprises' Purchase Willingness Insufficient, Refined Lead Quotes Struggle to Catch Up [SMM Lead Midday Review]

SMM December 23 News:

Today, the SMM #1 lead average price increased by 50 yuan/mt from yesterday to 16,875 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at discounts of 50~0 yuan/mt against the SMM #1 lead average price. The mainstream tax-excluded ex-works quotations for refined lead were around 15,700 yuan/mt, and enterprises struggled to catch up with the price increase. Downstream battery producers adopted a wait-and-see approach and purchased cautiously, with some having high raw material inventory, and procurement was expected to resume next week. Today, the purchasing sentiment for secondary refined lead was 1.23, and the sales sentiment was 0.77. (Historical data can be queried in the database).