Refined Lead Sellers Hold Back Offers, Smelters' Losses Expand, Production Willingness Low [SMM Secondary Refined Lead Weekly Review]

Apr 25, 2025, at 4:06 pm

SMM April 25 News: Secondary lead smelters faced significant operational pressure, with a widespread increase in production cuts this week. The willingness to sell refined lead was extremely low, and the number of companies offering quotes decreased notably. The mainstream ex-factory price including tax was at a discount of 50-0 yuan/mt against the SMM 1# lead average price, while some sources were available at a premium of around 25 yuan/mt. Downstream battery producers leaned towards just-in-time procurement in the primary lead market, with some companies ending pre-holiday stockpiling early and indicating an increase in the number of days off during the Labour Day holiday. Under the dual decline in supply and demand, losses for secondary lead smelters expanded. As of April 25, 2025, the theoretical comprehensive profit and loss for large-scale secondary lead enterprises was -563 yuan/mt, while for small and medium-sized secondary lead enterprises, it was -794 yuan/mt. 》Order to view SMM metal spot historical prices

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Refined Lead Sellers Hold Back Offers, Smelters' Losses Expand, Production Willingness Low [SMM Secondary Refined Lead Weekly Review]

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