SMM October 10 News:
The SMM #1 lead average price today increased by 125 yuan/mt to 16,925 yuan/mt compared with yesterday. Due to the significant rise in lead prices, suppliers became more active in selling, while downstream purchasing willingness declined. During the morning session, mainstream spot orders of secondary refined lead were at a discount of 50-0 yuan/mt against the SMM #1 lead average price, with tax-exclusive prices around 15,700 yuan/mt. Suppliers generally reported that transactions were weaker than yesterday, and downstream purchasing willingness remained low. Today's purchasing sentiment for secondary refined lead was 1, while the selling sentiment was 1.76 (historical data can be queried in the database).
