SMM July 17 News:
Today, the SMM #1 lead average price fell by 50 yuan/mt from yesterday to 16,700 yuan/mt. Suppliers of refined lead showed poor willingness to sell, with few quotes available. The mainstream tax-included supply in the market was offered at a premium of around 50 yuan/mt against the SMM #1 lead average price on an ex-factory basis, while the tax-excluded price was around 15,800 yuan/mt. Downstream enterprises showed high enthusiasm for inquiries, but secondary lead smelters held firm on their quotes and had poor willingness to sell, resulting in an overall unoptimistic transaction situation.
