Secondary Lead: Downstream Enterprises Make Small Purchases of Low-Priced Supplies, Wait-and-See Sentiment Remains Strong [SMM Lead Midday Review]

SMM January 13 News:

Today, the SMM #1 lead average price fell by 75 yuan/mt from the previous day to 17,175 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at discounts of 250–100 yuan/mt against the SMM #1 lead average price, while tax-excluded ex-works quotations for refined lead ranged from 15,650 to 15,800 yuan/mt. With lead prices edging lower, some suppliers became more willing to sell due to concerns over further declines. Downstream battery producers showed improved enthusiasm for inquiries and made small purchases of low-priced supplies, though the wait-and-see sentiment remained strong. Today, the purchasing sentiment for secondary refined lead was 1.88, while the selling sentiment was 1.66. (Historical data can be queried in the database.)