SMM, May 14:
Today, the SMM 1# lead average price remained unchanged from yesterday at 16,750 yuan/mt, with the price difference between primary metal and scrap at 25 yuan/mt. Currently, the trading atmosphere in the secondary lead market is sluggish. Downstream battery producers have poor buying sentiment. Additionally, refined lead suppliers are unwilling to sell at a discount, resulting in low enthusiasm for quoting prices. In the morning, only a few enterprises provided quotes, with ex-factory prices at a premium of 50 yuan/mt against the SMM 1# lead average price. Downstream enterprises have average inquiry willingness. Overall, the trading performance of refined lead is sluggish today.
