SHANGHAI, Jun. 12 (SMM) – Both buyers and sellers in lead market shifted to wait-and-see posture following the 150-yuan-per-tonne plunge in SMM #1 lead price June 12, SMM understood.
Lead smelters held back after spot lead prices tumbled, while downstream producers were uninterested in purchasing, leaving trades muted.
Secondary lead prices also fell by 25-50 yuan per tonne. Quotes were 11,650-11,750 yuan per tonne in Shandong, Anhui, Henan, Hebei and Guangdong, and 11,850-11,900 yuan per tonne in Jiangxi.
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