Secondary lead: Discounts remained stable; battery companies were cautious after lead price increased [SMM Lead Midday Review]

Today, the average price of SMM 1# lead increased by 175 yuan/mt to 18,525 yuan/mt compared to yesterday. The discount offered by secondary refined lead sellers remained largely unchanged, with a discount of 250-100 yuan/mt against the average price of SMM 1# lead ex-factory. The ex-factory prices excluding tax ranged from 17,400 to 17,600 yuan/mt.

Yesterday, most downstream battery manufacturers replenished their inventories based on regid demand. Today, the inquiry sentiment was moderate, but the buying sentiment was not high after the lead price increased.