SMM October 21 News:
The SMM #1 lead average price rose by 75 yuan/mt to 16,700 yuan/mt today. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with some sources trading at a premium of around 50 yuan/mt. The mainstream ex-factory offer excluding tax was 15,800 yuan/mt, with transaction prices in some regions leaning towards 15,700-15,750 yuan/mt. Lead prices held up well. Downstream lead-acid battery producers purchased as needed, and some enterprises showed strong spot order purchasing enthusiasm due to low raw material inventory. Today, the purchasing sentiment for secondary refined lead was 2.32, and the sales sentiment was 1.92 (historical data can be queried in the database).
