Secondary Lead: Downstream Battery Producers Cautious About High Prices and Prudent in Purchasing, Inquiries and Purchase Willingness Both Weak [SMM Lead Midday Review]

SMM December 29 News:

Today, the SMM #1 lead average price rose by 200 yuan/mt WoW to 17,375 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at premiums of -100~0 yuan/mt against the SMM #1 lead average price. The mainstream tax-excluded ex-works quotations for refined lead were around 16,150 yuan/mt. Most enterprises did not make sales due to chaotic market prices. Downstream battery producers were cautious about purchasing amid high prices, with both inquiries and purchase willingness remaining sluggish. Today, the purchase sentiment for secondary refined lead was 0.5, while the sales sentiment was 2.3. (Historical data can be queried by logging into the database.)