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Secondary Lead: Downstream Enterprises Show Poor Enthusiasm for Purchasing Amid Rising Lead Prices, with Sluggish Refined Lead Transactions [SMM Lead Midday Review]
May 12, 2025, at 11:53 am
[SMM Lead Midday Review: Lead Prices Rise, but Downstream Enterprises Show Weak Purchasing Enthusiasm, with Sluggish Refined Lead Transactions] SMM reported on May 12: Today, the SMM 1# lead average price rose by 125 yuan/mt from last Friday to 16,800 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary lead smelters still offered limited quotes; they quoted at a discount of 50-0 yuan/mt against the SMM 1# lead average price, with a few offering at a premium of 25-75 yuan/mt.
SMM May 12 News:
Today, the SMM 1# lead average price rose by 125 yuan/mt WoW to 16,800 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary lead smelters still offered limited quotes; they quoted at a discount of 50-0 yuan/mt against the SMM 1# lead average price, with a few offering a premium of 25-75 yuan/mt. Downstream enterprises showed moderate willingness to inquire about prices, but their enthusiasm for purchasing was low. Overall, the trading performance of refined lead was average today.
