Secondary lead: Suppliers of secondary refined lead have low willingness to sell. Downstream enterprises are reluctant to purchase due to firm prices. [SMM Lead Midday Review]

SMM July 23 News:

Today, the SMM #1 lead average price remained unchanged from yesterday at 16,725 yuan/mt. In Henan, Jiangsu, and other regions, the mainstream tax-included supply of secondary refined lead was priced at a premium of 75 yuan/mt against the SMM #1 lead average price for factory delivery, while in Jiangxi, Zhejiang, and other regions, it was priced at a premium of 0-25 yuan/mt against the SMM #1 lead average price for factory delivery. The mainstream tax-excluded prices ranged from 15,800 to 15,850 yuan/mt. Suppliers of secondary refined lead had low willingness to sell, and downstream enterprises were reluctant to purchase due to the firm prices.