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Secondary lead: Most traders holding firm on refined lead quotes and not making shipments; downstream players prefer to purchase primary lead [SMM Lead Midday Review]
May 27, 2025, at 12:01 pm
[SMM Lead Midday Review: Most Suppliers Hold Firm on Refined Lead Quotations and Refrain from Selling, While Downstream Buyers Prefer Primary Lead] SMM reported on May 27: Today, the SMM 1# lead average price fell by 50 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary refined lead suppliers mainly quoted ex-factory prices on par with the SMM 1# lead average price (tax included), with very few sources offering at a discount, and most suppliers refraining from selling.
SMM, May 27:
Today, the SMM 1# lead average price dropped by 50 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. The ex-factory tax-inclusive quotations of secondary refined lead suppliers were mainly on par with the SMM 1# lead average price, with few sources of discounted goods and most suppliers choosing not to sell. The purchase willingness of spot orders from downstream enterprises slightly improved. However, due to the firm prices of secondary refined lead, they still preferred to purchase primary lead. Today, the refined lead transactions were average.
