Secondary Lead: Suppliers' Quotation Enthusiasm Low, Spot Order Market Trading Sluggish [SMM Lead Daily Review]

SMM, July 13 –

Secondary lead: Suppliers showed low enthusiasm in quoting, and the spot order market saw sluggish trading [SMM Lead Daily Review] SMM July 13 – Market participants generally suggested a downward adjustment of secondary refined lead online prices by 75-100 yuan/mt, with downstream buyers inclined to push for lower prices, mostly accepting parity delivered-to-plant quotes. Upstream suppliers held tight inventories, and delivered cargoes were quoted at a premium of 75 yuan/mt over the SMM #1 lead price, prompting some to slow down shipments. Spot order transactions were mostly at parity or a discount of 20-30 yuan/mt, as downstream purchase willingness remained weak, leading to an overall moderate market. Today, the SMM secondary refined lead average price was reported at 15,850 yuan/mt, a premium of 25 yuan/mt over the SMM #1 lead average price. Supplier selling sentiment stood at 0.79, while secondary refined lead purchasing sentiment was 1.74 (historical data can be accessed via the database).