SMM, July 14:

Shanghai lead fell off a cliff in early trading, subject to 15350 yuan / ton first-line support horizontal adjustment. Although the price of lead has been reduced, it remains high on the whole, the production enthusiasm of smelters remains unabated, waste batteries are actively purchased, and the supply of waste batteries remains tight, and quotations for waste batteries in most areas continue to rise today. In addition, with the high price of reduced lead, the profits of recycled refined lead refineries went up, and the turnover of reduced lead improved. And recycled refined lead to maintain a deep discount, today's average price of SMM1# lead mainstream quotation at 300mur450 yuan / ton, a smelter reported a discount of 500yuan / ton, downstream fear of high careful mining, light trading.