SMM January 6 News:
The SMM #1 lead average price today increased by 125 yuan/mt from yesterday to 17,350 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at discounts of 150-0 yuan/mt against the SMM #1 lead average price, while the mainstream tax-excluded ex-works quotations for refined lead were around 16,000 yuan/mt. Spot order supplies of refined lead were limited, suppliers held firm quotations, and overall willingness to sell was weak. Downstream battery producers were cautious about high prices and purchased prudently, with poor inquiry and purchase willingness. Additionally, some primary lead supplies were quoted at discounts, and downstream spot order procurement leaned toward the primary market. The purchase sentiment for secondary refined lead today was 0.54, and the selling sentiment was 1.72. (Historical data can be queried in the database.)
