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Secondary Lead: Downstream Battery Producers Await Price Drops to Restock; Secondary Lead Smelters Report Poor Transactions Today [SMM Lead Midday Review]
Mar 13, 2025, at 12:03 pm
[SMM Lead Midday Review: Downstream Battery Producers Await Price Drops for Restocking, Secondary Lead Smelters Report Poor Transactions Today] SMM, March 13: Today, the SMM 1# lead average price increased by 100 yuan/mt compared to yesterday, reaching 17,275 yuan/mt. Ex-factory quotes for secondary refined lead from suppliers saw a slight expansion in discounts, with mainstream supplies quoted at a discount of 100-50 yuan/mt to the SMM 1# lead price...
SMM March 13 News: Today, the SMM 1# lead average price increased by 100 yuan/mt from the previous day to 17,275 yuan/mt. The ex-factory quotes from secondary refined lead suppliers saw a slight expansion in discounts, with mainstream sources offering discounts of 100-50 yuan/mt against the SMM 1# lead price. Today's ex-factory quotes for tax-exclusive refined lead were at 16,250-16,300 yuan/mt. Some downstream battery producers intended to restock for rigid demand but remained hesitant due to lead prices fluctuating at highs, awaiting a price drop. Secondary lead smelters reported poor transactions today.
