Secondary lead: Transactions of refined lead with large discounts were extremely poor, and no one was interested in high-premium quotes [SMM Lead Midday Review]

SMM May 19 News:

Today, the SMM 1# lead average price fell by 50 yuan/mt from last Friday to 16,725 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. Following the decline in lead prices, the willingness to sell among suppliers of secondary lead continued to decline. During the morning trading session, the mainstream ex-factory tax-inclusive quotations were offered at a discount to parity against the SMM 1# lead average price, with individual sources offering at a premium of 75 yuan/mt. Additionally, some manufacturers in central and east China offered quotations at a discount of 130-100 yuan/mt against the SMM 1# lead average price. It is reported that only one truckload was sold at such a significant discount, indicating a poor attitude towards purchasing among downstream buyers.

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