SMM September 22:
The SMM #1 lead average price was basically flat at 17,000 yuan/mt WoW. Mainstream secondary refined lead supplies in east and north China were at a discount of 50-0 yuan/mt against the SMM #1 lead average price, while discounts in south and south-west China ranged from 150-100 yuan/mt. The mainstream ex-tax prices were basically flat at 15,750-15,800 yuan/mt. Downstream enterprises showed moderate purchasing enthusiasm, but limited secondary refined lead supply and narrow price advantages limited transactions. The secondary refined lead purchasing sentiment was 1.35, and the selling sentiment was 1.25 (historical data is available in the database).
