SMM

SMM, February 7:

After the Chinese New Year holiday, market trading activity gradually recovered, but quotations for secondary refined lead remain relatively scarce. During the week, secondary refined lead suppliers offered a premium of 0-50 yuan/mt against the SMM 1# lead average price on an ex-factory basis, with some sources quoting a discount of 25 yuan/mt. The mainstream ex-factory price of tax-free refined lead ranged from 15,950-16,050 yuan/mt. Downstream battery producers remained cautious and made limited purchases, resulting in average transaction levels. This week, the increase in battery scrap prices was relatively small, while high and fluctuating lead prices allowed smelters to achieve slight profits. As of February 7, 2025, the theoretical comprehensive profit and loss value for large-scale secondary lead enterprises stood at 421 yuan/mt, while that for small and medium-sized secondary lead enterprises was 223 yuan/mt.

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