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Secondary Lead: Refined Lead Transactions Underperform, Supplier Discounts Widen [SMM Lead Midday Review]
Mar 14, 2025, at 5:20 am
[SMM Lead Midday Review: Refined Lead Transactions Were Poor, Suppliers Expanded Discounts in Quotations] SMM reported on March 14: Today, the SMM 1# lead average price increased by 25 yuan/mt compared to yesterday, reaching 17,300 yuan/mt. Due to poor transactions, secondary refined lead suppliers expanded ex-factory quotation discounts, with mainstream supplies quoted at a discount of 100-50 yuan/mt to the SMM 1# lead price. The absolute price was basically flat compared to yesterday.
SMM March 14 News:
Today, the SMM 1# lead average price rose by 25 yuan/mt from the previous day to 17,300 yuan/mt. Secondary refined lead suppliers, due to poor transactions, expanded ex-factory discounts, with mainstream supplies quoted at a discount of 100-50 yuan/mt to the SMM 1# lead price, while the absolute price remained basically flat compared to the previous day. Today's ex-factory quotes for tax-free refined lead in the market were at 16,250-16,300 yuan/mt. Some downstream battery producers intended to restock on a need basis, but they were still waiting for a price drop due to lead prices fluctuating at highs. Secondary lead smelters reported poor transactions today.
