SMM Lead Market Update: Prices Dip, Holders Hold Firm, Trading Remains Sluggish

Published: Sep 18, 2024 12:07

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[SMM Lead Afternoon Commentary: Holders Maintain Firm Quotes, Poor Trading of Refined Lead Today] SMM September 18: Today, the average price of SMM1# lead fell by RMB 200/t from before the holiday to RMB 16,325/t. Regenerated refined lead holders were bullish and reluctant to sell, offering limited quotes. Currently, the ex-factory price including tax is a discount of RMB 150-125/t to the average price of SMM1# lead. Some offers with a premium are quoted at an additional RMB 100/t to the average price, with limited transactions...

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