SMM, May 30:
Today, the SMM 1# lead average price fell by 175 yuan/mt from yesterday to 16,400 yuan/mt. Due to the weak willingness to sell among suppliers at secondary lead smelters, most quoters refused to budge on prices, leading to an inverted supply situation between secondary refined lead and primary lead. The price difference between primary metal and scrap was -75 yuan/mt. Downstream lead-acid battery producers preferred primary lead for spot order purchases, with sporadic transactions in secondary lead.
