SMM July 8 news:
The market generally suggested raising the secondary refined lead online price by 175 yuan/mt. Upstream suppliers held a bullish outlook and held back from selling. Smelters used refined lead for their own alloy production, resulting in low spot order circulation. Ex-factory offers were at a premium of 25 yuan/mt, and delivered sources were at a premium of 75 yuan/mt. Actual transactions were weak, with spot orders transacted at a discount of 50 yuan/mt. The transaction price excluding tax was 14,750 yuan/mt. Overall industry activity was sluggish. Today, SMM secondary refined lead average price was reported at 15,975 yuan/mt, at parity with the SMM #1 lead average price. The supplier's selling sentiment was 1.15, and today's secondary refined lead buying sentiment was 0.41 (historical data can be accessed by logging into the database). .
