Published: Nov 9, 2023 14:04
SMM Analysis: With weak consumption, the price gap between primary lead and recycled refined lead has widened. The supply of raw materials supports the running of lead prices. Entering November, under the background of weak lead consumption, the smelting enterprises of primary lead and recycled lead are undergoing maintenance and recovery at the same time. Domestic and foreign lead ingots are still mainly accumulated in small amounts. Although lead prices have slightly weakened, the tight supply of scrap batteries and lead concentrate has become the main factor supporting the running of lead prices.

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SMM Analysis: With weak consumption, the price gap between primary lea - Shanghai Metals Market (SMM)