SHANGHAI, Jun. 16 (SMM) – The price of secondary lead in Shandong is expected to get a support from supply tightness, Shanghai Metals Market foresees.
Downstream producers in the region expressed that they had trouble in sourcing secondary lead due to the shortfall, SMM survey finds.
If the tightness remains in the near term, local secondary lead price will be supported, SMM lead group says.
On Jun. 15, mainstream prices for secondary lead were 11,650-11,750 yuan per tonne in Shandong, down 40 yuan on a weekly basis, in stark contrast to a drop of 130 yuan for SMM #1 refined lead, according to SMM data.
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