Secondary Lead: Some Suppliers Reluctant to Sell Amid Price Drop, Downstream Enterprises Restock at Low Prices, Improving Transaction Atmosphere [SMM Lead Midday Review]

Dec 27, 2024, at 12:11 pm

[SMM Lead Market Midday Review: Some Suppliers Sold on Fear of Price Drops, Downstream Enterprises Restocked on Dips, Improving Trading Sentiment] SMM reported on December 27: Today, the SMM 1# lead average price dropped by 250 yuan/mt from yesterday to 17,025 yuan/mt. Mainstream ex-factory quotations for secondary refined lead with tax were at discounts of 50-0 yuan/mt against the SMM 1# lead average price, with some quoted at premiums of 50 yuan/mt ex-factory...

SMM, December 27: Today, the SMM 1# lead average price dropped by 250 yuan/mt from the previous day to 17,025 yuan/mt. Mainstream ex-factory quotations for secondary refined lead, including tax, were at discounts of 50-0 yuan/mt against the SMM 1# lead average price, with some quoted at premiums of 50 yuan/mt ex-factory. The ex-factory prices of refined lead excluding tax were reported at 16,225-16,300 yuan/mt. Lead prices plunged today, with some suppliers holding firm on their quotations, while others showed strong sentiment to offload cargoes. Downstream battery producers restocked on a need basis at lower prices, improving the trading atmosphere. 》Subscribe to view historical SMM metal spot prices

Selected News
Lead

SMM

Secondary Lead: Some Suppliers Reluctant to Sell Amid Price Drop, Downstream Enterprises Restock at Low Prices, Improving Transaction Atmosphere [SMM Lead Midday Review]

Tianjin Zinc: Premiums Decline as Downstream Adopts a Wait-and-See Attitude [SMM Midday Review]

Shanghai Zinc: Guangdong Spot Continues to Flow into East China, Downstream Makes Just-in-Time Procurement [SMM Midday Review]