Demand Shows No Improvement Expectations, Secondary Crude Lead Maintains a Weak Trend [SMM Secondary Crude Lead Weekly Review]

SMM July 31 news:

This week, secondary crude lead prices drifted lower, and suppliers' willingness to sell was weak. The decline in lead prices intensified smelting losses, coupled with sluggish orders from downstream alloy enterprises, leading to lackluster procurement demand and sluggish market transactions. Suppliers of imported crude lead, whose profits fell short of expectations, chose to hold back from selling, and the currently arriving cargoes were mostly orders placed from May to July. It is expected that demand will be hard to improve next week, with secondary crude lead prices maintaining a subdued consolidation. Focus will be on tracking futures lead prices and smelters' production cut progress.