The Lead Prices Rose and the Transactions were Modest [SMM Afternoon Comment on Lead]

Published: May 6, 2022 14:26

Source: SMM

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[SMM afternoon comment on lead: Express report on 1# lead market in other regions] During the day, the SMM1# lead prices rose while the smelters maintained to quote at discounts. Due to the low acceptance to the sharply rising lead prices, the goods receiving willingness was insufficient.

SHANGHAI, May 6 (SMM) - During the day, the SMM1# lead prices rose while the smelters maintained to quote at discounts. Due to the low acceptance to the sharply rising lead prices, the goods receiving willingness was insufficient. The downstream mainly remained bearish and cautious about the lead prices next week in the wait-and-see mood. There were mainly long-term orders in Henan and the retail quotations were few due to the insufficient circulating goods in the market. But some deliverable brands maintained to quote flat with slight premiums. As the delivery intention of the holders remained unchanged, the spot trading was generally poor.

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