SMM January 7 News:
The SMM #1 lead average price increased by 125 yuan/mt from yesterday to 17,475 yuan/mt today. The mainstream spot order quotations for refined lead with tax were at a discount of 175–25 yuan/mt against the SMM #1 lead average price, while the mainstream tax-exclusive refined lead ex-works quotations were around 16,050 yuan/mt. Downstream battery producers showed weak purchase willingness, and suppliers widened their quoted discounts, resulting in sluggish trading. The purchase sentiment for secondary refined lead was 0.49 today, while the sales sentiment was 1.96. (Historical data can be queried in the database.)
