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Secondary Lead: After Lead Prices Declined, Suppliers' Willingness to Sell Dropped Simultaneously Due to Low Inventory [SMM Lead Midday Review]
Jan 09, 2025, at 12:03 pm
[SMM Lead Midday Review: Lead Prices Declined, Suppliers' Willingness to Sell Dropped Due to Limited Inventory] SMM, January 9: Today, the SMM 1# lead average price fell by 175 yuan/mt compared to yesterday, reaching 16,650 yuan/mt. Secondary lead was mainly quoted at premiums of 50-100 yuan/mt against the SMM 1# lead average price, ex-factory, with quotations in Anhui and Jiangxi regions at premiums of 50 yuan...
: Today, the SMM 1# lead average price dropped by 175 yuan/mt from the previous day to 16,650 yuan/mt. Secondary lead was mainly quoted at premiums of 50-100 yuan/mt against the SMM 1# lead average price on an ex-factory basis, with quotations in Anhui and Jiangxi regions at premiums of 50 yuan/mt. The ex-factory prices of refined lead excluding tax were reported at 15,750-15,850 yuan/mt. As the Chinese New Year holiday approaches, downstream enterprises had a customary need for stockpiling, but due to their wait-and-see sentiment, refined lead transactions were moderate. After the lead price decline, suppliers' willingness to sell also decreased due to limited inventory. .
