SMM survey: Expansion of discount of recycled lead attracts consumption, social inventory stops falling and starts to rise
According to the survey, after the lead price rose and fell back last week, downstream lead-acid battery companies mostly took a wait-and-see attitude and were cautious about procurement. At the same time, the arrival of scrap batteries increased, and recycled lead smelters actively increased production and shipments. The quoted price of recycled lead gradually decreased from a discount of 100-0 yuan/ton to SMM1# lead average price at the beginning of last week to the discount today (May 27)...
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