Secondary lead: Supplier quotes are not firm, and parity ex-factory prices are generally open to negotiation [SMM Lead Midday Review]

SMM July 10 News:

Today, the SMM 1# lead average price remained unchanged from yesterday at 17,000 yuan/mt. Mainstream cargoes were offered at a discount of 50-0 yuan/mt against the SMM 1# lead average price on an ex-factory basis, with some cargoes offered at a discount of around 150 yuan/mt. The ex-factory prices excluding tax were around 16,000 yuan/mt. Suppliers' quotations were not firm, and those offering on par with the market generally accepted price negotiations, ultimately resulting in transactions at a small discount. Downstream enterprises showed moderate willingness to purchase, mainly for restocking based on immediate needs.

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