SMM October 16 News:
The SMM #1 lead average price increased by 50 yuan/mt to 16,950 yuan/mt today. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with the tax-exclusive price around 15,750 yuan/mt. Secondary refined lead smelters showed moderate sales sentiment. Downstream users restocked based on rigid demand, resulting in average transactions and low market activity. Today's secondary refined lead purchasing sentiment was 1.98, while sales sentiment was 1.49 (historical data can be queried in the database).
