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Secondary Lead: Suppliers of Refined Lead Show Low Willingness to Sell, Difficult to Close Deals at Parity Ex-Factory [SMM Lead Midday Review]
May 28, 2025, at 12:07 pm
[SMM Lead Midday Review: Refined Lead Suppliers' Willingness to Sell Remains Low, Parity Ex-Factory Transactions Hard to Close] SMM reported on May 28: Today, the SMM 1# lead average price dropped by 50 yuan/mt from yesterday to 16,575 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. Secondary refined lead suppliers' willingness to sell remains low, with fewer quotes offered.
SMM, May 28:
Today, the SMM 1# lead average price dropped by 50 yuan/mt from yesterday to 16,575 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. The willingness to sell among suppliers of secondary refined lead was low, with fewer quotations. The ex-factory quotations, including tax, were mainly quoted at parity with the SMM 1# lead average price, but downstream buyers found it difficult to accept. A few sources were quoted at a discount of 75 yuan/mt ex-factory, and transactions could be concluded.
