Supply Shortage Constrains Secondary Lead Transaction in China, SMM Reports

SHANGHAI, Aug. 24 (SMM) – On Thursday, secondary lead was mainly offered at 17,400-17,500 yuan per tonne in Hebei. One local secondary lead smelter made offer at 17,500 yuan per tonne (excluding tax).

In Guangdong, offers of secondary lead were mainly 17,200-17,300 yuan per tonne, and one lead alloy plant purchased goods at 17,300 yuan per tonne (excluding tax). Local lead smelters sold goods actively, but tight supply restricted transaction.

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Secondary lead was offered at 17,450-17,550 yuan per tonne in Anhui. One smelter offered price of secondary lead at 17,500 yuan per tonne (excluding tax) and 19,650 yuan per tonne for secondary refined lead, 200 yuan per tonne higher than SMM average price.

In Jiangxi, secondary lead was offered mainly at 17,450-17,550 yuan per tonne. One local smelter made offer of 17,500 yuan per tonne, and downstream battery producers were active in asking prices, resulting in modest transaction.

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