SHANGHAI, Mar 22 (SMM) - In the first half of last week, lead prices fluctuated within a narrow range. The average price of SMM secondary lead rose 50 yuan/mt, and the spot prices of cargo holders increased to 14,000-14,100 yuan/mt. Downstream enterprises were more willing to purchase low-priced goods on rigid demand. As such, the regional supply difference of reduced lead still existed. Lead prices continued to increase and the SMM secondary lead rose 25 yuan/mt. But the prices offered by some cargo holders remained flat compared with the first half of last week, and the quotations of downstream enterprises reached 14,050-14,150 yuan/mt. Therefore, the transactions of small orders were moderate. In the second half of last week, the lead prices rose significantly due to favourable macro factors and fundamentals.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn