SHANGHAI, Jul 7 (SMM) - With the lead price moving all the way down this week, primary lead and secondary lead smelters are reluctant to sell, and the profit of smelters has narrowed due to factors such as tight supply of raw materials and firm raw material prices. Near the weekend, the price difference between secondary refined lead and primary lead is almost close to zero. As such, lead price may show a signal of bottoming out soon.
Lead Prices Likely to Bottom out on Cost Support
SHANGHAI, Jul 7 (SMM) - With the lead price moving all the way down this week, primary lead and secondary lead smelters are reluctant to sell, and the profit of smelters has narrowed due to factors such as tight supply of raw materials and firm raw material prices.
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