SMM December 16 News:
Today, the SMM #1 lead average price fell by 150 yuan/mt to 16,825 yuan/mt compared with yesterday. Suppliers of secondary refined lead showed low willingness to sell, with scarce and firm quotations. Mainstream tax-included ex-works quotations were at discounts of 50~0 yuan/mt against the SMM #1 lead average price. Tax-excluded refined lead ex-works quotations were around 15,700 yuan/mt. In east China, individual suppliers, fearing price declines, sold off with quotations of 15,600 yuan/mt delivered to downstream consumers within the province. Downstream battery producers mainly restocked based on rigid demand, with some building inventory at low prices. Due to limited supply of secondary lead, transactions were moderate. Today, the procurement sentiment for secondary refined lead was 2.31, while the sales sentiment was 0.16. (Historical data can be queried by logging into the database.)
