SMM Survey: Lead Prices Decline Despite Higher Opening, Social Inventory Rises as Secondary Smelters Resume Production

[SMM Survey: Lead Ingot Transfer to Delivery Warehouse, Social Inventory Increased as Expected]

According to the survey, lead prices moved downwards after a higher opening during the week, and the spot market saw moderate trading activity. During this period, secondary lead smelting enterprises resumed production and ramped up new capacity. Secondary refined lead was quoted at a discount of 200-0 yuan/mt against the SMM 1# lead average price ex-factory, while primary lead was quoted at a premium against the SMM 1# lead average price...