Holiday Slows Secondary Lead Market, Fewer Sellers and Quiet Transactions
[Secondary Lead Market Dynamics] With the holiday approaching, the number of sellers quoting and shipping goods decreased significantly this week. Spot orders were traded at discounts of 100-0 yuan/mt against the SMM #1 lead average price, with a small volume traded at premiums of 30-50 yuan/mt against the SMM #1 lead average price. Downstream enterprises slowed down their purchasing, and transactions turned quiet. Scrap battery prices remained stable during the week, with smelters' profit and loss levels showing relatively small changes WoW.