







SMM, May 21:
Today, the SMM 1# lead average price increased by 75 yuan/mt from yesterday to 16,725 yuan/mt, with a price difference between primary metal and scrap of 50 yuan/mt. The sentiment in the secondary lead market for shipments was low, with the mainstream tax-inclusive ex-factory quotations quoted at discounts of 50-0 yuan/mt against the SMM 1# lead average price, and individual supplies quoted at a discount of 100 yuan/mt. Downstream battery producers maintained their purchases based on immediate needs. As some primary lead supplies were also quoted at discounts, secondary refined lead supplies did not have an advantage in terms of transaction volume.
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