The Price Difference Between Primary Lead and Secondary Refined Lead Approached Zero_SMM

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Home / Metal News / Lead / The Price Difference Between Primary Lead and Secondary Refined Lead Approached Zero

The Price Difference Between Primary Lead and Secondary Refined Lead Approached Zero

Mar 14, 2023 14:57

CST

Source:SMM

SHANGHAI, Mar 14 (SMM) - Instead of selling in the spot market, most secondary refined lead smelters focused on delivery of long-term orders last week against falling SHFE lead prices.

SHANGHAI, Mar 14 (SMM) - Instead of selling in the spot market, most secondary refined lead smelters focused on delivery of long-term orders last week against falling SHFE lead prices. The price difference between primary lead and secondary refined lead narrowed from 50 yuan/mt to 25 yuan/mt. Maintenance by two smelters due to equipment failure tightened secondary refined lead supply in the market.

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