SMM July 24: according to SMM, as of Friday, the total inventory of SMM lead ingots in the five places reached 42000 tons, down more than 5600 tons from last week.
It is understood that the price of lead fell and rebounded during the week, while the price of waste batteries remained high due to continuous tight supply, dragging down refinery profits, and the recycled discount narrowed rapidly. As of Friday, the trading of recycled refined lead had reached an average price discount of 150 SMM1# yuan / ton to leave the factory, and a few of them were even flat. Recycling discount narrowed, its price priority significantly weakened, downstream procurement demand returned to the primary lead market, at the same time downstream procurement, such as Jiangsu and Zhejiang provinces inventory reduction. In addition, the overhaul of the refinery in the south of the river has not been restored next week, and the price of recycled lead is a price factor. compared with the decline in the competitiveness of primary lead, social inventory may continue a small downward trend next week.