SMM, July 13:
Shanghai lead continued to be strong in early trading last week, with 15500 yuan / ton under pressure at a high level above the daily moving average. The supply of waste batteries is in short supply, and the procurement demand of smelters is high. Today's quotations for waste batteries generally rose by 100 won 150 yuan / ton, while those offered by some enterprises increased by more than 200 yuan / ton. In addition, recycled refined lead maintains a deep discount. Today, the average price of SMM1# lead is 450 yuan / ton. Downstream, it is afraid of high and careful mining, and it still favors deep sticking water supply.