Secondary Refined Lead: Some Downstream Companies Purchased At Lows, Smelters Mainly Delivered Long-Term Orders

SHANGHAI, Sep 5 (SMM) -Today, the SMM price of secondary refined lead fell by 100 yuan/mt from yesterday. Trading was quiet.

The prices of secondary refined lead in Anhui stood at 16000 yuan/mt, ex-factory, tax-included, and the transactions were quiet; the ex-factory price in Sichuan was 16000 yuan/mt, with poor trading. The ex-factory price of secondary refined lead in Jiangxi was 16050 yuan/mt; ex-works price in Zhejiang was quoted with discounts of 100 yuan/mt against the average SMM #1 lead price.

The downstream buyers adopted a wait-and-see attitude, and some companies restocked due to concerns that lead prices will rise. Smelters said that the trades were subdued, and they mainly delivered cargoes under long-term contracts.