SMM October 17 News:
Today, the SMM #1 lead average price dropped by 50 yuan/mt to 16,900 yuan/mt compared with yesterday. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with individual sources in Central China offering discounts up to 100 yuan/mt. Due to the decline in lead prices, some suppliers showed weaker willingness to sell, with limited enthusiasm for quoting. Downstream battery producers maintained rigid demand restocking, and a small number of low-priced sources were traded. Today, the secondary refined lead purchasing sentiment was 1.77, while the selling sentiment was 1.46 (historical data can be queried in the database).
