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Secondary Lead: Downstream Purchase Willingness Remains Weak; Refined Lead Suppliers Generally Report Difficulties in Transactions [SMM Lead Midday Review]
Jan 03, 2025, at 12:02 pm
[SMM Lead Midday Review: Weak Purchase Willingness from Downstream, Refined Lead Suppliers Generally Report Difficult Transactions] SMM, January 3: Today, the SMM 1# lead average price dropped by 75 yuan/mt compared to yesterday, reaching 16,700 yuan/mt. There were few quotes for secondary lead, 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 15,950-16,050 yuan/mt...
SMM January 3 News:
Today, the SMM 1# lead average price dropped by 75 yuan/mt compared to yesterday, reaching 16,700 yuan/mt. There were limited secondary lead quotations, 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 15,950-16,050 yuan/mt. Downstream purchase willingness was weak, and suppliers generally reported difficulties in transactions.
