SMM August 4 News:
The secondary refined lead market witnessed an intense tug-of-war atmosphere. Some smelters displayed a strong willingness to hold prices firm, with offers staying high for shipments; mainstream transacted cargoes were at parity with the SMM #1 lead average price ex-factory. Downstream enterprises remained cautious in purchasing, only willing to buy spot orders at selected points under sufficient discounts; a few individual downstream enterprises, concerned about a lead price rebound, showed improving purchase willingness. Today, the SMM secondary refined lead average price was reported at 15,225 yuan/mt, representing a discount of 25 yuan/mt to the SMM #1 lead average price. Suppliers' shipment sentiment stood at 0.53, while the secondary refined lead purchase sentiment today was 1.77 (historical data can be viewed by logging into the database).
![Bullish sentiment supports lead prices to stop falling, SHFE lead recorded a small bullish candlestick [Lead Futures Brief Review]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
