Secondary Crude Lead Trading Sluggish; Focus on Changes in Crude Lead Import Profit Margin [SMM Secondary Crude Lead Weekly Review]

SMM July 3:

Lead prices weakened this week, and secondary crude lead sellers generally held back from selling. Downstream alloy and refined lead smelters were weighed down by sluggish end-use demand, leading to weak purchase willingness and overall thin spot trading. The profit window for imported crude lead was narrow at present, limiting incoming shipments. Only some low-cost overseas materials containing antimony and tin arrived at ports, with EXW prices close to parity with the SMM #1 lead average price. Next week, the supply-demand pattern for secondary crude lead is not expected to change significantly. Going forward, the focus will be on tracking profit and loss changes for imported crude lead.