SMM August 6 News:
Today, the SMM #1 lead average price increased by 25 yuan/mt from yesterday to 16,750 yuan/mt. The sentiment of suppliers of secondary refined lead to sell improved only slightly, with non-taxed cargoes priced at 15,700-15,850 yuan/mt. Mainstream tax-included quotations were at premiums of 0-50 yuan/mt against the SMM #1 lead average price ex-factory, with some traders offering cargoes self-picked up from production site at a small discount. Downstream battery producers cautiously purchased based on immediate needs, with spot orders favoring the primary lead market and showing poor acceptance of secondary lead prices.
