SMM, July 10:
Shanghai lead early trading in the vicinity of 15130 yuan / ton to high volatility, due to 07 contract pressure is still in the situation, lead prices are expected to remain strong. The supply of waste batteries is still in short supply, and the purchasing enthusiasm of smelters continues unabated. Today's quotations for waste batteries generally rose by 50 Mel 100 yuan / ton. In addition, the recycled refined lead discount continues to expand, today's average price of SMM1# lead mainstream quotation has been 350 Mel 450 yuan / ton, downstream still favor deep sticking water supply.