Secondary Lead: Market-Driven Pricing & Just-in-Time Procurement, Mainstream Transaction Prices at Parity Delivered to Plant [SMM Lead Daily Review]

SMM, September 2:

Sentiment in the secondary refined lead market was mixed today. Downstream inquiries were active, with some restocking driven by rigid demand, and some suggested lowering the online price by 25 yuan/mt. Supply conditions varied among upstream sellers, with some producers having no spot orders available for sale and showing a strong willingness to hold prices firm. Quotes ranged from a discount of 50 yuan/mt ex-works to a premium of 75 yuan/mt delivered. Transactions were mainly driven by rigid demand, with mainstream transaction prices at parity with the SMM #1 lead average price on a delivered basis. Today, the SMM secondary refined lead average price was 15,975 yuan/mt, a discount of 50 yuan/mt to the SMM #1 lead average price. Supplier shipment sentiment stood at 2.45, while secondary refined lead purchasing sentiment today was 2.24 (historical data can be accessed via the database).