Secondary Lead Enterprises See Increase in Production Data, Cost Support May Extend Lead Price Consolidation Trend [SMM Lead Morning Meeting Summary]
- feb 24, 2025, at 8:57 am
[SMM Lead Morning Meeting Summary: Increase in Secondary Lead Production Data May Sustain Lead Price Consolidation Due to Cost Support] The spread between futures and spot prices for lead widened WoW. Even after the delivery of the SHFE lead 2502 contract concluded, suppliers did not halt the transfer to delivery warehouses, and social inventories of lead ingots are expected to continue rising. Meanwhile, the increase in secondary lead production data has further boosted demand for scrap batteries.
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