SMM December 18 news:
Today's SMM #1 lead average price fell by 25 yuan/mt to 16,725 yuan/mt. Spot orders for secondary refined lead were limited, and suppliers showed weak willingness to quote. Mainstream tax-inclusive ex-works offers were at premiums of 0-50 yuan/mt against the SMM #1 lead average price, with some sources delivered to downstream enterprises at discounts of 30 yuan/mt. Mainstream tax-exclusive ex-works offers for refined lead were around 15,550 yuan/mt. Downstream battery producers maintained a wait-and-see sentiment, with inquiry enthusiasm declining, and some engaged in just-in-time procurement. Today's procurement sentiment for secondary refined lead was 2.19, while sales sentiment was 0.36. (Historical data can be queried by logging into the database.)
