SMM July 31 News:
Today, the SMM #1 lead average price fell by 75 yuan/mt from yesterday to 16,675 yuan/mt. Suppliers of secondary refined lead had a low willingness to sell, and market quotations were scarce and chaotic. Practical transaction quotations were quoted at premiums of 25 yuan/mt against the SMM #1 lead average price. This portion of supply was limited, and transactions were sluggish. Additionally, there were supplies with tax-included prices quoted around 16,800 yuan/mt, at premiums of 125 yuan/mt against the SMM #1 lead average price. This portion of supply received no interest, and it was assumed that suppliers were not selling. Today, the spot order market for secondary refined lead saw weak trading activity from both buyers and sellers.
