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MYMETAL: China’s lead prices dip further, stocks up

China’s domestic prices of primary and secondary lead softened further over October 12-16 on the remaining weak demand, the stirred market sentiment, and higher stocks of primary refined lead, Mymetal, Mysteel’s nonferrous market data collection arm, noted from its latest weekly survey.
As of October 16, China’s national average price of primary refined lead ingot (at least 99.994%) had declined another Yuan 369/tonne ($55/t) on week to Yuan 14,475/tonne including the 13% VAT, while that of the secondary ingot (at least 99.99%) dipped by Yuan 325/t on week to Yuan 13,475/t excluding

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