SMM, 31 October:
Guangdong market South China lead 16550 yuan / ton, the average price of SMM1# lead flat quotation; South Storage and Mongolia from 16550 yuan / ton, the average price of SMM1# lead flat water quotation (sent to the South Reserve); lead price shock downward, regeneration primary price difference narrowed slightly, but still did not get rid of the situation of deep sticking water, the downstream still gives priority to the purchase of recycled refined lead.
Henan Yuguang, Wanyang, Jinli and other smelters mainly to long single transaction; Jinli 16575 yuan / ton, the average price of SMM1# lead discount 16575 yuan / ton quoted price (source of goods for traders). Lead price shock down, the holder actively shipped, by the impact of renewable lead prices, the original market transaction is bleak.
Other areas such as: Hunan Shuikoushan 16450-16480 yuan / ton, the average price of SMM1# lead discount 70 to 100 yuan / ton (traders); Jiangxi copper industry 16550 yuan / ton, the average price of SMM1# lead flat quotation; Yunnan Zhenxing and small factory report 16200-16250 yuan / ton, the average price of SMM1# lead discount 300-350 yuan / ton. Lead price shock downward, downstream consumption is light, the overall transaction is in the doldrums.
![Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
![Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
