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Secondary Lead: Upstream and Downstream Have Basically Entered Holiday Mode, Few Secondary Refined Lead Quotations [SMM Lead Midday Review]
Jan 23, 2025, at 12:02 pm
[SMM Lead Midday Review: Upstream and Downstream Have Mostly Entered Holiday Mode, Few Offers for Secondary Refined Lead] SMM, January 23: Today, the SMM 1# lead average price dropped by 25 yuan/mt compared to yesterday, reaching 16,600 yuan/mt. The spot market saw weak supply and demand; suppliers have entered holiday mode, and offers for secondary refined lead were scarce. The ex-factory prices of tax-free refined lead in the market mostly remained at 15,600-15,750 yuan/mt...
SMM January 23 News:
Today, the SMM 1# lead average price dropped by 25 yuan/mt compared to yesterday, reaching 16,600 yuan/mt. Supply and demand in the spot market were both sluggish; suppliers have entered holiday mode, with very few quotes for secondary refined lead. The ex-factory prices of tax-free refined lead in the market remained largely at 15,600-15,750 yuan/mt. Downstream battery producers have mostly ceased procurement, and transactions for secondary lead were sluggish.
