SMM January 9 News:
The SMM #1 lead average price today dropped by 125 yuan/mt from yesterday to 17,175 yuan/mt. Refined lead spot order mainstream tax-inclusive ex-works quotations were at discounts of 225–100 yuan/mt against the SMM #1 lead average price, while mainstream tax-exclusive refined lead ex-works quotations were 15,600–15,750 yuan/mt. Lead prices fell significantly, and suppliers' selling enthusiasm polarized—some sold at large discounts, while others showed low willingness to quote. Downstream enterprises actively inquired, but only some enterprises saw improved purchase willingness compared to yesterday.
