SMM October 15 News:
Today, the SMM #1 lead average price increased by 25 yuan/mt from the previous day to 16,900 yuan/mt. Suppliers' selling sentiment for secondary refined lead showed relatively small changes compared to yesterday. The mainstream spot order discount remained at a reduction of 50–0 yuan/mt against the SMM #1 lead average price, with individual sources in central China offering discounts exceeding 100 yuan/mt. The tax-exclusive price of refined lead stayed around 15,700 yuan/mt, making it difficult to raise prices. Downstream demand restocked on a rigid basis, and transactions were moderate. Today, the purchasing sentiment for secondary refined lead was 2.08, while the selling sentiment was 1.47 (historical data can be queried in the database).
