SMM June 25 News:
Today, the SMM 1# lead average price rose by 175 yuan/mt from yesterday to 16,925 yuan/mt. Secondary lead smelters were more active in quoting and shipping goods. The premium of tax-included secondary refined lead against the SMM 1# lead average price was 0-50 yuan/mt, with some sources trading at a discount of around 50 yuan/mt. Transaction conditions varied by region. Tax-excluded secondary refined lead and primary lead were priced similarly, with the mainstream ex-factory price of refined lead at 16,000 yuan/mt and tax-excluded primary lead deliverable at 16,060 yuan/mt. Downstream enterprises were hesitant to purchase, with weak willingness to buy today.
