SMM Sep. 12:
The SMM #1 lead average price rose by 25 yuan/mt to 16,775 yuan/mt today. Mainstream secondary refined lead supplies in east and north China were at a premium of 0-50 yuan/mt against the SMM #1 lead average price, while discounts in Guangxi, Hunan and nearby regions were around 50 yuan/mt. The mainstream ex-tax prices were 15,650-15,700 yuan/mt, with relatively small price changes. Lead prices rebounded, and smelters held back sales amid bullish sentiment, resulting in limited offers today. Downstream enterprises purchased as needed, and trading was muted. The purchasing sentiment for secondary refined lead was 0.71 today, while the selling sentiment was 1.1 (historical data can be queried in the database).
