SMM September 29:
Today, the SMM #1 lead average price fell by 125 yuan/mt WoW to 16,800 yuan/mt, and suppliers' willingness to sell declined, with limited offers. Mainstream secondary refined lead cargoes were at a discount of 50-0 yuan/mt against the SMM #1 lead average price, while some were at a premium of around 30 yuan/mt. The tax-exclusive price was around 15,600-15,700 yuan/mt, and tax-exclusive secondary crude lead delivered to plants was around 15,700 yuan/mt. Downstream enterprises bought the dip, and today's trading sentiment was moderate. Today, the procurement sentiment for secondary refined lead was 1.63, and the sales sentiment was 1.12 (historical data can be queried in the database).
