SMM, July 9:

Shanghai lead morning trading all the way up, and reached 15000 yuan / ton line, failed to stand firm, close to the noon pullback. Affected by the rising price of lead, the smelter has high production enthusiasm and rising purchasing demand, but the supply of waste batteries is still tight, and the price of waste batteries maintains an upward trend. In addition, the discount of recycled refined lead has been expanded, the downstream transaction has been improved, and the supply of reduced lead and recycled refined lead in some refineries is in short supply.