Domestic Secondary Crude Lead Transactions Follow the Market, Short-Term Inflows of Imported Crude Lead Remain Low [SMM Secondary Crude Lead Weekly Review]

SMM, July 17 –

This week, secondary lead prices fell initially before rebounding, and suppliers' willingness to sell was poor. This was mainly due to a shortage of scrap batteries and smelters holding back from selling because of losses. Imported crude lead offers from outside China were firm, while downstream refined lead and alloy enterprises showed weak acceptance. Bargaining room was narrow, and transactions were relatively sluggish. In addition, some imported crude lead had long shipping schedules, with arrivals expected at ports between late August and early September. In summary, SMM expects domestic secondary crude lead transactions to follow market-based pricing.