SMM June 16 News:
Today, the SMM 1# lead average price fell by 25 yuan/mt from last Friday to 16,750 yuan/mt. The ex-factory prices of mainstream secondary refined lead were generally on par with the SMM 1# lead average price, with some traders offering prices at a discount of around 50 yuan/mt. The ex-factory prices, excluding tax, ranged from 15,750 to 15,850 yuan/mt. Downstream willingness to purchase improved, with increased inquiry enthusiasm, and some just-in-time procurement returned to the secondary lead market. Secondary lead suppliers followed market trends, but their overall willingness to sell remained low.
