Secondary Lead: Spot Order Market "Has Prices but No Transactions," Some Suppliers Opt Not to Ship Goods [SMM Lead Midday Review]

SMM January 12 News:

The SMM #1 lead average price today increased by 75 yuan/mt from yesterday to 17,250 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at premiums of -250~-100 yuan/mt against the SMM #1 lead average price. Tax-excluded ex-works quotations for refined lead ranged from 15,700 to 15,900 yuan/mt. The spot order market was "nominal," with some suppliers choosing not to sell. Downstream battery producers showed low enthusiasm for inquiries, with most waiting to purchase after delivery. The procurement sentiment for secondary refined lead today was 0.79, and the sales sentiment was 2.0. (Historical data can be queried in the database.)