SMM July 16 News:
Today, the SMM 1# lead average price fell by 100 yuan/mt from yesterday to 16,750 yuan/mt. Refined lead suppliers offered firm quotes, with most choosing not to sell. The mainstream tax-included cargo in the market was priced at a premium of 50-100 yuan/mt against the SMM 1# lead average price for ex-factory delivery, while the tax-excluded price was around 15,850 yuan/mt for ex-factory delivery. Due to the low willingness to sell among secondary lead enterprises and the cautious procurement stance of downstream enterprises, transactions were poor today.
