SMM April 23 News:
Today, the SMM 1# lead average price fell by 75 yuan/mt to 16,775 yuan/mt compared to yesterday, with the price difference between primary metal and scrap at 25 yuan/mt. Due to high raw material prices, secondary lead producers faced significant cost pressure. After the lead price dropped, suppliers' willingness to sell was low, with limited and firm offers. The mainstream ex-factory prices of refined lead were at a discount of 50-0 yuan/mt against the SMM 1# lead average price, while some high-bismuth lead sources could be discounted by 80 yuan/mt. The ex-factory prices excluding tax ranged from 15,750 to 15,850 yuan/mt. Some downstream battery producers stocked up at low prices, while a few large battery producers indicated that pre-holiday stockpiling for Labor Day was basically completed. Overall, refined lead transactions remained relatively difficult.
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