SMM, 28 October:
Guangdong market South China lead 16675 yuan / ton, the average price of SMM1# lead flat quotation; lead price stabilized, but recycled lead still maintains the deep discount quotation, the downstream still gives priority to buy recycled refined lead, the primary lead market is squeezed.
Henan Yuguang, Wanyang and other smelters mainly to long single transaction; Jinli 16575 yuan / ton, the average price of SMM1# lead discount 100 yuan / ton quotation. Lead price weak shock, the holder is active shipment, by the recycled lead price impact, the primary market transaction is bleak.
Other areas such as: Hunan Shuikoushan 16625-16675 yuan / ton, the average price of SMM1# lead discount 50 to flat water quotation (traders); Jiangxi copper industry 16675 yuan / ton, the average price of SMM1# lead flat quotation; Yunnan Zhenxing and small factory quoted 16325-16375 yuan / ton, the average price of SMM1# lead discount 300-350 yuan / ton. Lead price shock operation, downstream consumption is light, the overall transaction is in the doldrums.
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