SMM September 1 news:
The SMM #1 lead average price remained flat WoW at 16,725 yuan/mt today. Few secondary refined lead sellers were active in the market, resulting in scarce offers. Mainstream ex-factory prices with tax were at a discount of 50-0 yuan/mt, while non-tax ex-factory supplies were quoted around 15,650 yuan/mt. End-use consumption performed poorly, with battery producers adopting a produce-based-on-sales approach. Coupled with the strong wait-and-see sentiment on Monday, downstream enterprises showed low purchase enthusiasm. Today's secondary refined lead purchase sentiment stood at 0.38, while sales sentiment was 0.81 (historical data is available in the database).
