SMM September 5 news:
The SMM #1 lead average price remained flat at 16,725 yuan/mt today, with mainstream secondary refined lead supplies in east and north China maintaining parity with the SMM #1 lead average price ex-works. Discounts in Jiangxi, Guangxi, Hunan and nearby regions hovered around 100-50 yuan/mt. Downstream enterprises showed mediocre inquiry interest, and coupled with low market activity and strong wait-and-see sentiment on Friday, secondary refined lead transactions were mediocre. Today's secondary refined lead procurement sentiment stood at 0.62, while sales sentiment was 0.97 (historical data can be queried in the database).
