SMM October 25: today's domestic reduction of lead (excluding tax) mainstream quotation in 14450-14550 yuan / ton. Shanghai lead due to weak fundamentals, continued to decline, scale refineries to control smelting costs, low-price procurement of waste batteries; reduced lead smelting profits have been greatly compressed, the current profit is meagre, the mood of high prices has been revealed; reduced lead prices have become more difficult, the income has been narrowed, so that some refined lead plants have objections to deep water shipments.