SMM reported on May 8:
Today, the SMM 1# lead average price increased by 75 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary lead smelters offered limited quotations; they were quoted at discounts of 50-0 yuan/mt against the SMM 1# lead average price, with a few quotations at premiums of 25-75 yuan/mt. Downstream enterprises showed weak willingness to purchase, and the trading atmosphere for spot lead ingots was sluggish. Primary lead ex-factory quotations were on par with or at small discounts to the SMM 1# lead average price, with secondary refined lead having no advantage in transactions.
