Secondary lead: Lead prices drop slightly, and suppliers' willingness to sell declines significantly [SMM Lead Midday Review]

SMM August 13 News:

Today, the SMM #1 lead average price fell by 25 yuan/mt from yesterday to 16,750 yuan/mt. The willingness to sell among suppliers of secondary refined lead has declined significantly, with a reduction in the number of quotations. Mainstream factory-gate cargoes without tax are quoted at 15,700-15,850 yuan/mt, with individual cargoes available at the factory for 15,750 yuan/mt. Mainstream tax-inclusive quotations are quoted at premiums of 0-50 yuan/mt against the SMM #1 lead average price for factory delivery, with individual traders offering cargoes self-picked up from production site at discounts of around 25 yuan/mt for self pick-up. Downstream battery producers have shown improved willingness to inquire about prices, but they are cautious in comparing prices, and the transaction situation for refined lead is average. Today, the purchasing sentiment for secondary refined lead is 0.79, and the willingness to sell is 1.02 (historical data can be accessed by logging into the database).