Secondary lead: Today, the price quotes from smelters changed relatively small, and most refined lead suppliers still did not release goods [SMM Lead Midday Review]

SMM, June 6:

Today, the SMM 1# lead average price remained unchanged from yesterday at 16,500 yuan/mt. The quotes from smelters showed relatively small changes. The ex-factory prices of mainstream secondary refined lead carried a premium of 100-0 yuan/mt against the SMM 1# lead average price. The price difference between primary metal and scrap was 25 yuan/mt, with ex-factory prices (excluding tax) ranging from 15,550 to 15,650 yuan/mt. Some secondary lead suppliers still chose not to sell their stock. Downstream battery enterprises preferred to purchase primary lead due to its price and quality advantages. There were no significant signs of improvement in refined lead transactions today.

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