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Secondary Lead: Strong "lying flat" sentiment among downstream enterprises, sluggish spot order transactions of refined lead [SMM Lead Midday Review]
May 16, 2025, at 11:56 am
[SMM Lead Midday Review: Strong "lying flat" sentiment among downstream enterprises, sluggish spot order transactions of refined lead] SMM reported on May 16: Today, the SMM 1# lead average price fell by 25 yuan/mt from yesterday to 16,775 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. The number of enterprises shipping goods today decreased compared to yesterday, with tax-included ex-factory quotations against the SMM 1# lead average price ranging from a reduction of 100 to 0 yuan/mt.
SMM, May 16:
Today, the SMM 1# lead average price dropped by 25 yuan/mt from yesterday to 16,775 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. The number of enterprises shipping goods today decreased compared to yesterday, with tax-inclusive ex-factory quotations against the SMM 1# lead average price ranging from a discount of 100 yuan/mt to a premium of 0 yuan/mt. As today is the last trading day of the week, most downstream enterprises have a strong "lying flat" sentiment, with low willingness to inquire and purchase, resulting in sluggish spot order transactions for refined lead.
