SMM August 15 News:
Today, the SMM #1 lead average price remained unchanged from yesterday at 16,700 yuan/mt. Suppliers of secondary refined lead mostly chose not to release goods, resulting in relatively fewer quotations. The mainstream tax-excluded factory-gate supply was quoted around 15,700 yuan/mt. The mainstream tax-included quotations were at premiums of 0-50 yuan/mt against the SMM #1 lead average price for factory delivery. The spot order supply of secondary lead was limited, with refineries reluctant to sell and not releasing many goods. After the lead price fell, downstream battery producers' willingness to purchase improved, but the refined lead transaction situation was not good. Today, the purchasing sentiment for secondary refined lead was 0.67, and the selling sentiment was 0.91 (historical data can be accessed by logging into the database).
