SMM August 4 News:
Today, the SMM #1 lead average price rose by 150 yuan/mt from last Friday to 16,700 yuan/mt. The supply of spot orders for secondary refined lead is still not abundant, and suppliers have low willingness to sell. They are offering a premium of 100-300 yuan/mt against the SMM #1 lead average price, making transactions difficult. In Central China, suppliers of refined lead are offering at parity with the SMM #1 lead average price, indicating low buying sentiment from downstream buyers. Today, the market price for non-taxed cargo is mainly in the range of 15,700-15,800 yuan/mt, with some cargo available at 15,710 yuan/mt delivered. Overall, the spot order market for secondary refined lead has low trading activity.
