Secondary Lead: Downstream Observes Cautiously, Refined Lead Transactions Weaker Than Yesterday [SMM Lead Noon Commentary]

Mar 20, 2025, at 3:59 am

[SMM Lead Midday Review: Downstream Observers Cautious, Refined Lead Transactions Weaker Than Yesterday] SMM March 20 report: The SMM 1# lead average price remained unchanged from yesterday at 17,350 yuan/mt. Suppliers of secondary refined lead followed the market trend, with mainstream sources offered at a discount of 100-0 yuan/mt ex-factory against the SMM 1# lead. Due to poor purchase willingness from downstream enterprises, some regions (Hunan, Guangxi, etc.) saw discounts of 200-120 yuan/mt.

SMM 1# lead average price remained unchanged from yesterday at 17,350 yuan/mt. Suppliers of secondary refined lead followed the market trend, with mainstream sources being offered at a discount of 100-0 yuan/mt to SMM 1# lead on an ex-factory basis. Due to poor purchase willingness from downstream enterprises, some regions (such as Hunan and Guangxi) saw discounts of 200-120 yuan/mt. Today, the ex-factory quotations for tax-excluded refined lead were in the range of 16,200-16,350 yuan/mt, with some individual sources being offered at 16,150 yuan/mt. SHFE lead edged down, leading to cautious purchases from downstream buyers, and refined lead transactions were weaker than yesterday. Subscribe to view SMM metal spot historical prices.

Selected News
Lead

SMM

Secondary Lead: Downstream Observes Cautiously, Refined Lead Transactions Weaker Than Yesterday [SMM Lead Noon Commentary]

Shangmai (Zhenjiang) New Energy Technology Meets You at the 2025 SMM (20th) Lead and Zinc Conference and Industry Expo

Metals LME Outperforms SHFE LME Copper Rebounds to 10,000 US Dollar Mark Lithium Carbonate Falls Over 2 Gold Price Hits New High SMM Midday Review