SMM Lead Midday Review: Refined Lead Suppliers Narrow Discount Slightly, Downstream Enterprises Maintain Just-in-Time Procurement
SMM March 25: The SMM 1# lead average price fell by 25 yuan/mt to 17,275 yuan/mt compared with yesterday. Secondary refined lead suppliers followed the market trend, with mainstream sources offered at a discount of 75-0 yuan/mt against the SMM 1# lead average price ex-factory. In Hunan, where the discount was larger, prices were 150 yuan/mt below the average, while in Guangdong, ex-factory quotes were at a discount of 80-0 yuan/mt.
