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SMM May 12 News:
Today, the SMM 1# lead average price rose by 125 yuan/mt WoW to 16,800 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary lead smelters still offered limited quotes; they quoted at a discount of 50-0 yuan/mt against the SMM 1# lead average price, with a few offering a premium of 25-75 yuan/mt. Downstream enterprises showed moderate willingness to inquire about prices, but their enthusiasm for purchasing was low. Overall, the trading performance of refined lead was average today.
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