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Secondary Lead: Weak Supply and Demand in the Spot Market, Sparse Transactions of Refined Lead [SMM Lead Midday Review]
Jan 22, 2025, at 12:00 pm
[SMM Lead Midday Review: Weak Supply and Demand in the Spot Market, Sparse Refined Lead Transactions] SMM reported on January 22: Today, the SMM 1# lead average price dropped by 75 yuan/mt compared to yesterday, reaching 16,625 yuan/mt. The spot market saw weak supply and demand; 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 ex-factory...
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.
