SMM, July 28th:
Shanghai lead early trading is supported by the intraday moving average and fluctuates horizontally in the range of 15350-15470 yuan / ton. The supply of waste batteries is tight, the purchasing demand of refineries is strong, and the price of waste batteries is rising. The price of reduced lead has risen sharply with the lead price, and the discount of recycled refined lead has been expanded. The mainstream quotation is 100-150 yuan / ton on the average price of SMM1# lead, and the downstream is afraid of falling and careful to adopt, so as to maintain rigid demand.