SMM, July 30th:

Shanghai lead rose strongly away from the daily moving average in early trading. The supply of waste battery is tight, the purchasing demand of smelter is not reduced, the price is easy to rise and difficult to fall, the mainstream quotation of electric waste battery is 8400-8550 yuan / ton. The price of reduced lead rises slightly with the price of lead, the discount of recycled refined lead is maintained, and more on-demand purchases are made downstream.