Secondary Lead: Downstream Battery Producers Show Positive Interest in Inquiries, Sellers Reluctant to Sell 

Today, the average price of SMM #1 lead fell by 225 yuan/mt from yesterday to 18,625 yuan/mt. Sellers of secondary refined lead showed less willingness to sell, and there were few quotations. In some regions, sources were quoted at a discount of around 200 yuan/mt against the average SMM #1 lead price, ex-factory; ex-factory prices excluding tax were quoted at 17,600-17,700 yuan/mt.

After the lead price dropped, downstream companies showed positive interest in inquiries, but sellers were reluctant to sell, resulting in relatively weak transactions today.