Environmental Protection-Driven Production Restrictions Tighten Supply, Secondary Crude Lead Supply-Demand Maintains Tight Balance [SMM Secondary Crude Lead Weekly Review]

SMM May 15 News:

This week, the mainstream tax-exclusive transaction price of domestic ordinary secondary crude lead was concentrated around 15,250 yuan/mt. Affected by environmental protection checks in some regions, a small number of smelters implemented production cuts or suspensions, and spot supply in the market tightened somewhat. Downstream refined lead and alloy enterprises saw weak end-user orders, with overall subdued purchase willingness for secondary crude lead raw materials. Currently, the import window for crude lead is closed, and most cargoes arriving at ports are carryover orders from last month. Looking ahead to next week, spot secondary crude lead circulation is expected to remain tight. Combined with insufficient downstream purchase enthusiasm, the market supply-demand landscape is expected to maintain a tight balance.