SMM November 7 News:
Today, the SMM #1 lead average price increased by 25 yuan/mt to 17,250 yuan/mt compared with yesterday. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with some remote supply sources discounted by 100 yuan/mt. The mainstream ex-factory offer excluding tax was 15,900-16,000 yuan/mt. Downstream battery producers were cautious in purchasing and showed low purchase willingness. Today, the purchase sentiment for secondary refined lead was 1.18, while the sales sentiment was 1.44 (historical data can be queried in the database).
