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Secondary Lead: Limited Refined Lead Quotations as Downstream Battery Producers Remain Cautious [SMM Lead Midday Review]
Feb 21, 2025, at 11:51 am
[SMM Lead Midday Review: Limited Refined Lead Quotations, Downstream Battery Producers Cautious in Procurement] SMM, February 21: Today, the SMM 1# lead average price increased by 50 yuan/mt compared to yesterday, reaching 16,900 yuan/mt. Quotations for secondary refined lead were limited, with ex-factory quotations during the morning session mainly at discounts of 50-0 yuan/mt against the SMM 1# lead price, and individual sources quoted at a discount of 100 yuan/mt ex-factory...
SMM News on February 21:
Today, the SMM 1# lead average price increased by 50 yuan/mt from yesterday to 16,900 yuan/mt. There were few quotations for secondary refined lead, with ex-factory quotations during the morning session mainly at discounts of 50-0 yuan/mt against the SMM 1# lead price, and individual sources quoted at a discount of 100 yuan/mt ex-factory. The mainstream ex-factory quotations for refined lead excluding tax were at 15,850-15,950 yuan/mt. Downstream battery producers were cautious and adopted a wait-and-see approach, resulting in limited transactions for refined lead.
