SMM, 22 Oct:
Guangdong market South China lead 16875 yuan / ton, the average price of SMM1# lead flat quotation; southern storage south 16850 yuan / ton, 1911 contract discount 60 yuan / ton; lead price shock downward, recycled primary price difference maintained at 500-600 yuan / ton, downstream is still preferred to buy recycled refined lead, primary lead market trading has been squeezed.
Henan Yuguang, Wanyang and other smelters are mainly long single transactions, Jinli 16725-16775 yuan / ton, the average price of SMM1# lead discount 100-150 yuan / ton quotation. Lead prices are weak, holders actively ship, affected by the impact of recycled lead prices, the primary market transactions are bleak.
Other areas such as: Hunan Shuikoushan 16825-16845 yuan / ton, the average price of SMM1# lead discount 50 to 30 yuan / ton quotation (traders); Jiangxi copper industry 16875 yuan / ton, the average price of SMM1# lead flat quotation; Yunnan Zhenxing 16575 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. Lead price shock downward, downstream consumption is light, the overall transaction is in the doldrums.
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