SMM July 29 News:
Today, the SMM #1 lead average price remained unchanged from yesterday at 16,775 yuan/mt. The ex-factory prices of mainstream tax-included secondary refined lead supplies were at a premium of 0-50 yuan/mt against the SMM #1 lead average price. The mainstream tax-excluded prices ranged from 15,800 to 15,900 yuan/mt. Lead prices stabilized, and downstream battery producers' willingness to purchase improved slightly compared to yesterday. However, secondary lead supplies currently lack price advantages, and downstream rigid demand favors the primary market.
