SMM October 23 News:
The SMM #1 lead average price increased by 125 yuan/mt to 17,125 yuan/mt today. The mainstream spot order discount price remained at a reduction of 50-0 yuan/mt against the SMM #1 lead average price, with the mainstream ex-factory offer excluding tax at 15,950-16,000 yuan/mt. Due to tight supply of spot lead ingots, coupled with vehicle control measures in some northern regions affecting the transportation cycle of lead ingots, suppliers' willingness to sell secondary lead declined after the price increase, resulting in fewer offers today. The procurement sentiment for secondary refined lead was 1.35 today, while the selling sentiment was 1.81 (historical data can be queried by logging into the database).
