Secondary Lead: Some Enterprises Chose Not to Ship Today Due to Chaotic Spot Order Market Quotations [SMM Lead Midday Review]

SMM December 26 News:

The SMM #1 lead average price increased by 75 yuan/mt from the previous day to 17,175 yuan/mt. Mainstream spot orders of refined lead with tax were quoted at premiums of -75~0 yuan/mt against the SMM #1 lead average price, with some sources at a discount of 125 yuan/mt. Mainstream tax-excluded refined lead ex-works offers were around 15,950 yuan/mt. Some enterprises chose not to sell today due to chaotic market quotations. Downstream battery producers maintained just-in-time procurement, while a few enterprises, fearing future price increases, showed increased purchasing enthusiasm today. Secondary refined lead quotations struggled to catch up, with discounts widening. Today's secondary refined lead purchasing sentiment was 0.71, and selling sentiment was 2.18. (Historical data can be queried in the database).