SMM, January 22:
Today, the SMM 1# lead average price dropped by 75 yuan/mt from yesterday to 16,625 yuan/mt, with sluggish supply and demand in the spot market. Some suppliers still showed willingness to sell, with mainstream secondary refined lead quoted at discounts of 75-0 yuan/mt against the SMM 1# lead average price on an ex-factory basis. The ex-factory prices of refined lead excluding tax were reported at 15,650-15,800 yuan/mt. Downstream battery producers have mostly completed stockpiling, and transactions for secondary lead remained sluggish.
![Поддержка и сопротивление сосуществуют, фьючерсы на свинец на SHFE движутся в боковике выше 16 000 [Краткий комментарий по фьючерсам на свинец]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
