Secondary Lead: Lead Prices Fell, Suppliers Reduced Quotations, Downstream Adopted a Wait-and-See Approach and Procured Cautiously [SMM Lead Midday Review]

Mar 28, 2025, at 11:54 am

SMM Lead Midday Review: Lead Prices Fell, Suppliers Reduced Quotations, Downstream Adopted a Cautious Approach. SMM, March 28: Today, the SMM 1# lead average price dropped by 75 yuan/mt to 17,250 yuan/mt compared to yesterday. The quotations for secondary refined lead significantly decreased, and suppliers exhibited strong wait-and-see sentiment.

SMM March 28 News: Today, the SMM 1# lead average price decreased by 75 yuan/mt to 17,250 yuan/mt compared to yesterday. The quotations for secondary refined lead significantly decreased, and suppliers exhibited strong wait-and-see sentiment. In the Anhui and nearby markets, the supply was at a discount of 75-50 yuan/mt against the SMM 1# lead average price ex-factory. In Jiangxi and Hunan regions, the smelters were at a discount of around 150 yuan/mt. Today, the ex-factory price of tax-excluded refined lead was mainly at 16,200 yuan/mt. Downstream battery producers also adopted a cautious approach in purchasing, and the trading of refined lead was moderate today. 》Order to view SMM metal spot historical prices

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