Secondary lead: Regional differences in tax-excluded prices of refined lead are small, downstream purchase willingness is moderate [SMM Lead Midday Review]

SMM July 18 News:

Today, the SMM #1 lead average price remained unchanged from yesterday at 16,700 yuan/mt. There were not many quotes for refined lead, and the mainstream tax-included supply in the market was offered at a premium of 0-50 yuan/mt against the SMM #1 lead average price for factory delivery. Some supply could be delivered to the factory. The mainstream tax-excluded price was 15,850 yuan/mt, with relatively small regional differences. Downstream purchase intentions were moderate, with multiple smelters reporting transactions of several hundred mt and small enterprises closing deals for 1-2 trucks.