SMM September 26 News:
The SMM #1 lead average price today dropped by 25 yuan/mt to 16,925 yuan/mt compared with yesterday. Suppliers' offers saw relatively small changes from yesterday. The mainstream secondary refined lead spot cargo in the market was at a discount of 100-0 yuan/mt against the SMM #1 lead average price, with tax-exclusive prices ranging from 15,650-15,750 yuan/mt, and tax-exclusive secondary crude lead delivered to plants was around 15,800 yuan/mt. Downstream enterprises gradually completed stockpiling, and purchasing enthusiasm for lead ingots weakened somewhat. The trading activity of refined lead was moderate. The procurement sentiment for secondary refined lead today was 1.31, while the sales sentiment was 1.26 (historical data can be queried in the database).
