Secondary Lead: The price of secondary refined lead remains inverted compared to primary lead. Downstream players are adopting a wait-and-see attitude, purchasing cautiously and not buying much [SMM Lead Midday Review]

[SMM Lead Midday Review: Secondary Refined Lead Prices Still Inverted Relative to Primary Lead, Downstream Players Adopt Wait-and-See Approach, Cautious in Purchasing, with Limited Purchases] SMM reported on June 3: Today, the SMM 1# lead average price dropped by 25 yuan/mt from the level before the holiday to 16,375 yuan/mt. Secondary lead smelters showed low willingness to sell, with fewer quotes that were relatively firm. The price difference between primary metal and scrap was -75 yuan/mt, with secondary refined lead prices still inverted relative to primary lead.