Secondary lead: Spot discounts for secondary refined lead expanded to around 170 yuan/mt amid sluggish markets

Today, the average price of SMM1# lead is 16,100 yuan/mt, and the price of SMM secondary refined lead fell by 30-50 yuan/mt. The mainstream price is still at a discount of 50-100 yuan/mt against the average price of SMM1# lead by ex-factory.

The downstream battery manufacturers in the south China market were less enthusiastic about purchasing goods. The holders of secondary refined lead quoted a discount of 170-150 yuan/mt, but the transaction is still moderate.