Secondary lead: After the lead price fell, the purchasing enthusiasm of downstream enterprises improved [SMM Lead Midday Review]

Published: Jun 30, 2025 11:57

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SMM June 30 News:

Today, the SMM 1# lead average price fell by 50 yuan/mt from last Friday to 16,950 yuan/mt. Due to poor transactions, the discounts quoted by secondary lead smelters generally widened. There was a significant difference in quoted prices in east China, with some quoting a premium of 50 yuan/mt or a discount of 50 yuan/mt against the SMM 1# lead average price, but there was significant pressure on transactions for premium cargoes. In north China, quoted prices were at a premium of 0-50 yuan/mt, and sales were difficult. The mainstream ex-factory price of tax-free refined lead was around 15,850 yuan/mt, and in some areas, it could reach 15,950 yuan/mt at the factory. After the lead price fell, downstream enterprises' purchasing enthusiasm improved, and today's transactions for discounted cargoes were moderate.

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