SMM, July 22nd:
Shanghai lead first rose and then suppressed in early trading, rushing to an intraday high of 15215 yuan / ton and then back below the intraday moving average. Due to the tight supply of waste batteries, the demand for procurement in the smelter is strong, and the price is easy to rise but difficult to fall. The price of reduced lead rises with the price of lead, and the discount of recycled refined lead shrinks. The average price discount of SMM1# lead is 100,200 yuan / ton, and some refineries are quoted to discount 250yuan / ton. Downstream consumption has picked up somewhat.