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Secondary lead: Quotations for refined lead spot orders increased compared to yesterday, and the discount widened [SMM Lead Midday Review]
May 15, 2025, at 12:01 pm
[SMM Lead Midday Review: Quotations for refined lead spot orders increased compared to yesterday, and the discount widened] SMM reported on May 15: Today, the SMM 1# lead average price remained unchanged from yesterday at 16,850 yuan/mt, with a price difference between primary metal and scrap of 75 yuan/mt. The change in market trading activity was relatively small.
SMM May 15 News:
Today, the SMM 1# lead average price increased by 50 yuan/mt from yesterday to 16,800 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. Following the rise in lead prices, the willingness to sell among suppliers of refined lead increased. In particular, quotes in east China increased compared to yesterday, and the discounts widened. The ex-factory prices, inclusive of tax, were 100-40 yuan/mt lower than the SMM 1# lead average price. The willingness to inquire about prices among downstream enterprises was moderate, but the buying sentiment was not high. Overall, the trading performance of refined lead was mediocre today.