Secondary lead: Secondary lead smelters are reluctant to sell, and the quantity of spot order quotations is small [SMM Lead Midday Review]

SMM August 14 News:

Today, the SMM #1 lead average price fell by 50 yuan/mt from yesterday to 16,700 yuan/mt. Suppliers of secondary refined lead offered limited quotations, with low willingness to sell. Mainstream ex-factory supply without tax was quoted around 15,700 yuan/mt. Mainstream tax-included quotations were quoted at premiums of 0-50 yuan/mt against the SMM #1 lead average price for ex-factory delivery. The supply of spot orders for secondary lead was limited, with refineries reluctant to sell and offering limited quantities. After the lead price fell, downstream battery producers' willingness to purchase improved, but the transaction situation for refined lead was poor. Today, the purchasing sentiment for secondary refined lead was 0.75, and the selling sentiment was 0.98 (historical data can be accessed by logging into the database).