Secondary Lead Trading Weakened, Some Sellers Lowered Prices By 20-30 Yuan/Mt

SHANGHAI, Nov 1 (SMM) - Today, the average price of SMM1# lead was 16275 yuan/mt, and the price of SMM secondary refined lead was 25 yuan/mt lower than yesterday. The price changes today were small, but some quotations fell by 20-30 yuan/mt.

The low bismuth lead quotations in Anhui, Henan and other regions were with a discount of about 100 yuan/mt against SMM1# lead, and the high bismuth lead discounts were 175 -200 yuan/mt. The mainstream ex-factory prices of low-bismuth refined lead in the market were 15,300-15,350 yuan/mt excluding tax, and the ex-factory prices of high-bismuth lead excluding tax were 15,230-15,260 yuan/mt. Downstream enterprises mainly purchased goods as required, and the transactions under small orders were relatively poor.