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Secondary Lead: Secondary Lead Prices Significantly Inverted Compared to Primary Lead, Downstream Cautious and Observing [SMM Lead Midday Review]
Jan 02, 2025, at 11:59 am
[SMM Lead Midday Review: Secondary Lead Prices Significantly Inverted Compared to Primary Lead, Downstream Cautious in Procurement] SMM reported on January 2: Today, the SMM 1# lead average price increased by 50 yuan/mt compared to Tuesday, reaching 16,775 yuan/mt. Secondary lead prices remained firm, with a premium of around 100 yuan/mt against the SMM 1# lead average price. The ex-factory prices of tax-free refined lead in the market were reported at 16,000-16,100 yuan/mt...
SMM, January 2:
Today, the SMM 1# lead average price increased by 50 yuan/mt compared to Tuesday, reaching 16,775 yuan/mt. Secondary lead prices remained firm, significantly inverted against primary lead prices, with a premium of around 100 yuan/mt against the SMM 1# lead average price. The ex-factory prices of tax-free refined lead in the market were reported at 16,000-16,100 yuan/mt. Lead prices rebounded slightly, downstream inquiries were moderate, and restocking was driven by rigid demand today.
