SMM July 21: Shanghai lead morning trading entrusted by the intraday moving average, pressure 20-day moving average 14948 yuan / ton horizontal adjustment. Due to the tight supply of waste batteries, the purchasing demand of smelters is not reduced, the price rises with the price of lead, the cost of recycled refineries remains high, more up-price shipments, and the price of reduced lead rises. Recycled lead stickers have also shrunk, the mainstream quotation of SMM1# lead average price discount 150Me 250 yuan / ton, downstream procurement enthusiasm increased, recycled lead supply shortage phenomenon.
SMM July 21 return to the original lead market news: lead prices stop falling but rise, the supply of recycled lead is in short supply
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn