Secondary Lead: SMM's Suggested Online Prices Remain Flat, Spot Secondary Lead Transactions Follow Market Trends [SMM Lead Daily Review]

SMM, August 27:

Today, the secondary refined lead market generally suggested that report prices remain flat, following market trends. Mainstream ex-factory quotations were at discounts of 50 yuan/mt against the SMM #1 lead average price, with individual sources offering at parity with delivery. In certain industrial parks in east China, spot orders could be traded at parity, while some smelters had no spot orders released to the market. Downstream, prior stockpiling had resulted in some inventory levels, and purchasing sentiment was moderate, with a preference for buying at the 15,800 yuan/mt level. They only accepted low-priced cargoes, with low acceptance for high-priced ones, and overall, purchasing as needed was predominant. Today, the SMM secondary refined lead average price was 15,875 yuan/mt, at a discount of 75 yuan/mt against the SMM #1 lead average price. Suppliers' shipment sentiment was 1.65, and today's secondary refined lead purchasing sentiment was 2.27 (historical data can be accessed by logging into the database)..