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Secondary Lead: Fear of Price Increase Boosts Downstream Purchase Willingness; Today's Secondary Refined Lead Transactions Were Moderate [SMM Lead Midday Review]
Mar 11, 2025, at 3:59 am
[SMM Lead Midday Review: Fear of Price Increase Boosts Downstream Purchase Willingness, Moderate Transactions for Secondary Refined Lead Today] SMM reported on March 11: Today, the SMM 1# lead average price remained flat compared to yesterday at 17,175 yuan/mt. Ex-factory quotations for secondary refined lead suppliers remained unchanged at discounts, while some regions shifted to premiums. In Jiangxi, certain sources were quoted at premiums of 20 yuan/mt against the SMM 1# lead price, while in Anhui, Jiangsu, Zhejiang, and Guangdong, ex-factory quotations were at discounts of 50-0 yuan/mt against the SMM 1# lead price.
SMM March 11 News: Today, the SMM 1# lead average price remained unchanged from yesterday at 17,175 yuan/mt. Secondary refined lead suppliers' ex-factory quotations for discounts remained stable, with some regions shifting to premiums. In Jiangxi, ex-factory quotations for certain sources were quoted at premiums of 20 yuan/mt against the SMM 1# lead price, while in Anhui, Jiangsu, Zhejiang, and Guangdong, ex-factory quotations were quoted at discounts of 50-0 yuan/mt against the SMM 1# lead price. Today's ex-factory quotations for tax-exclusive refined lead in the market ranged from 16,100-16,250 yuan/mt. Downstream battery producers' increased purchase willingness, driven by their aversion to price hikes, led to moderate transactions for secondary refined lead today. » Subscribe to view historical SMM metal spot prices.