SMM July 22 News:
Guangdong market Nanhua lead 16475 yuan / ton, the average price of SMM1# lead 50 yuan / ton, southern storage south 16480 yuan / ton, 1908 contract flat water quotation. Lead high continued to weaken, downstream wait-and-see mood relaxed, on the low start of rigid demand procurement, market trading in general.
Henan Yuguang and other smelters mainly to long single transaction; Wanyang, Jinli 16325 yuan / ton, SMM1# lead discount 50 yuan / ton to discount 100 yuan / ton quotation; lead price shock fell back, storage enterprises to replenish the warehouse, the market transaction is general.
Other areas such as: Hunan Shuikoushan 16425 yuan / ton, the average price of SMM1# lead water quotation (traders source); Hunan Jingui 16345 yuan / ton, the average price of SMM1# lead discount 80 yuan / ton; Jiang copper 16445 yuan / ton, the average price of SMM1# lead 20 yuan / ton quotation; Yunnan small factory lead 16125 yuan / ton, the average discount of SMM1# lead price 300 yuan / ton; lead prices fell back, the lower reaches of the bargain, today the transaction is a little warmer than a few days ago.
![Secondary Lead Prices Inverted Against Primary Lead Prices, Lead Market Fluctuated Amid a Tug-of-War Between Sellers and Buyers [SMM Lead Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![LME lead fluctuated upward to close higher, while SHFE lead moved downwards after a higher opening and remained in the doldrums [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)

