Secondary lead: Suppliers of refined lead show reduced enthusiasm for selling. The discount for large-discounted goods shipped from factories narrowed yesterday [SMM Lead Midday Review]

SMM July 11 News:

Today, the SMM 1# lead average price fell by 75 yuan/mt from yesterday to 16,925 yuan/mt. The enthusiasm of refined lead suppliers for selling declined, and the mainstream spot cargo in the market was offered at a discount of 50-0 yuan/mt against the SMM 1# lead average price on an ex-factory basis. The discount for large-discount spot cargo narrowed to around 75 yuan/mt yesterday. The ex-factory price without tax was around 15,950 yuan/mt. Downstream enterprises showed moderate enthusiasm for inquiries and purchase willingness. Some enterprises had lead ingot inventory exceeding seven days and planned to wait until after delivery to purchase primary lead from warehouses.

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