Secondary Lead: Significant Regional Price Differences for Secondary Lead, Downstream Enterprises Restock Based on Rigid Demand [SMM Lead Midday Review]

Mar 21, 2025, at 3:59 am

SMM Lead Midday Review: Significant Regional Disparities in Secondary Refined Lead Prices Downstream Enterprises Restock on Demand at Lower Prices SMM, March 21: The SMM 1# lead average price fell by 50 yuan/mt to 17,300 yuan/mt compared with yesterday. Offers from secondary refined lead suppliers decreased, highlighting regional disparities. In north China, the main supply sources were quoted at a discount of 75-0 yuan/mt against the SMM 1# lead average price ex-factory.

SMM 1# lead average price fell by 50 yuan/mt to 17,300 yuan/mt today. Offers from secondary refined lead suppliers decreased, with regional differences becoming more pronounced. In north China, mainstream supplies were sold at a discount of 75-0 yuan/mt against the SMM 1# lead average price ex-factory, while in Hunan and Guangxi, discounts reached 200-150 yuan/mt. Downstream enterprises restocked on dips, with some battery producers purchasing from traders at a discount of 120 yuan/mt against the SMM 1# lead average price delivered. Today, ex-factory offers for duty-free refined lead ranged from 16,150 to 16,350 yuan/mt, with refined lead transactions still facing resistance.

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