SMM, 23 Oct:
Guangdong market South China lead 16700 yuan / ton, to SMM1# lead average price flat quotation; South Reserve Jinsha 16755 yuan / ton, to 1911 contract discount 20 yuan / ton; South Reserve South 16715-16725 yuan / ton, to 1911 contract discount 60-50 yuan / ton; lead price continues to weaken, stimulate part of the downstream bargain purchase, and recycled lead price advantage, the market trading atmosphere is slightly better.
Henan Yuguang, Wanyang and other smelters are mainly long single transactions; Jinli 16550-16600 yuan / ton, the average price of SMM1# lead discount 150-100 yuan / ton quotation. Lead prices fell, primary lead refineries sold at low prices, some intend to narrow the price discount, downstream is received on demand, the overall transaction to long single.
Other areas such as: Hunan Shuikoushan 16650-16670 yuan / ton, the average price of SMM1# lead 50-30 yuan / ton quotation (traders); Jiangxi copper industry 16700 yuan / ton, the average price of SMM1# lead flat quotation; Yunnan Zhenxing 16400 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton.
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