SMM November 17 News:
Today, the SMM #1 lead average price dropped by 150 yuan/mt WoW to 17,275 yuan/mt. Suppliers of secondary refined lead showed a decreased willingness to sell, and spot order offers including tax narrowed their discounts to the SMM #1 lead average price, ranging from a discount of 75 to 0 yuan/mt. The mainstream ex-works offers excluding tax were 15,950–16,000 yuan/mt. Downstream enterprises showed improved sentiment for inquiries and purchases, though some remained in a wait-and-see stance. Today, the purchasing sentiment for secondary refined lead was 1.67, while the selling sentiment was 1.02 (historical data can be queried in the database).
