SMM, July 29th:
Shanghai lead early trading with the intraday moving average as the support, the early pressure high of 15540 yuan / ton high shock. The supply of waste battery is tight, the purchasing enthusiasm of refinery is high, and the price of waste battery continues to rise. The price of reduced lead rises slightly with the price of lead, and the discount of recycled refined lead is maintained. The mainstream quotation is 50-100 yuan / ton for SMM1# lead, and 150 yuan / ton for some refineries.