Secondary Lead: Secondary Refined Lead Suppliers' Quotations Loosen, Discounts Show Signs of Widening [SMM Lead Midday Review]

SMM December 25 News:

The SMM #1 lead average price increased by 75 yuan/mt from yesterday to 17,100 yuan/mt. Mainstream tax-included ex-works quotations for refined lead spot orders were at discounts of 75~0 yuan/mt against the SMM #1 lead average price, while mainstream tax-excluded ex-works quotations for refined lead were around 15,850 yuan/mt. Downstream battery producers generally maintained just-in-time procurement, while some e-bike battery producers halted spot order purchases due to high raw material inventory. Suppliers of secondary refined lead showed looser quotations, with discounts showing signs of widening. The procurement sentiment for secondary refined lead was 0.58, and the sales sentiment was 2.01. (Historical data can be queried by logging into the database.)