Secondary lead: Downstream enterprises are more active in purchasing goods today on afraid of rising prices in the future [SMM Lead Midday Review]

Published: May 8, 2024 16:26

Source: SMM

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On May 8, the average price of SMM 1# lead rose by 225 yuan/ton to 17,425 yuan/ton compared with yesterday.

On May 8, the average price of SMM 1# lead rose by 225 yuan/ton to 17,425 yuan/ton compared with yesterday. Secondary refined lead holders generally quoted higher prices. The mainstream discount was 150-200 yuan/ton (ex-factory) against the average price of SMM 1# lead. Some high-bismuth lead was quoted at a discount of 250 yuan/ton (self-pickup). The ex-factory price excluding tax was offered at around 16,250-16,300 yuan/ton. Downstream battery companies are more active in purchasing goods today on afraid of rising prices in the future. Secondary lead smelters said that transactions were slightly better than yesterday.

Market review

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