SMM June 30 News:
Today, the SMM 1# lead average price fell by 50 yuan/mt from last Friday to 16,950 yuan/mt. Due to poor transactions, the discounts quoted by secondary lead smelters generally widened. There was a significant difference in quoted prices in east China, with some quoting a premium of 50 yuan/mt or a discount of 50 yuan/mt against the SMM 1# lead average price, but there was significant pressure on transactions for premium cargoes. In north China, quoted prices were at a premium of 0-50 yuan/mt, and sales were difficult. The mainstream ex-factory price of tax-free refined lead was around 15,850 yuan/mt, and in some areas, it could reach 15,950 yuan/mt at the factory. After the lead price fell, downstream enterprises' purchasing enthusiasm improved, and today's transactions for discounted cargoes were moderate.
