[selected SMM Weekly report] recycled raw materials are tight & consumption is still expected. Lead fundamentals are good.

Publicado: Sep 05, 2020 09:40 (GMT+8)
Recycled lead: this week, due to the formal implementation of the solid waste law, it is difficult to approve the inter-provincial transportation of waste batteries in some major provinces of recycled lead smelting, the supply of compliant waste batteries is tight, and recycled lead refineries mainly digest inventory. Even refineries with less raw material inventory choose to stop production. Superposition near the weekend, lead prices fell, regeneration profits are low, some lead refineries are reluctant to sell, and there are signs of tightening lead supply this week. While the downstream procurement demand for reduced lead is OK, the downward trend of reduced lead should be slower than the price of lead.

"SMM lead Industry chain Weekly report" released, the weekly report SMM will select the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

The following is an excerpt from the weekly report of SMM lead industry chain:

Lead market forecast next week: domestically, China will release inflation data next week, which is expected to have a limited impact on the market. Technically, lead has entered a downward trend, and the height of short-term technical rebound is limited. Fundamentally, the overhaul of the western mining industry affects the release of certain output, but as the output of the three refineries in Jiyuan, Henan Province returns to normal, the domestic electrolytic lead supply picks up steadily, recycled lead, the impact of solid waste method continues, some refineries suspend the purchase of waste batteries, raw material inventory is relatively tight, coupled with the current lower lead prices, declining regeneration profits, the willingness to continue to expand production in the short term is not high, after the completion of follow-up approval procedures, The situation of refinery production in this part. Consumption last August car sales maintained the same month-on-month increase, car consumption is still good, coupled with the National Day holiday, some big battery manufacturers plan to stock, consumption is still looking forward to, lead price fundamentals are still good, did not continue to deteriorate.

Recycled lead: this week, due to the formal implementation of the solid waste law, it is difficult to approve the inter-provincial transportation of waste batteries in some major provinces of recycled lead smelting, the supply of compliant waste batteries is tight, and recycled lead refineries mainly digest inventory. Even refineries with less raw material inventory choose to stop production. Superposition near the weekend, lead prices fell, regeneration profits are low, some lead refineries are reluctant to sell, and there are signs of tightening lead supply this week. While the downstream procurement demand for reduced lead is OK, the downward trend of reduced lead should be slower than the price of lead.

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Catalogue of "SMM lead Industry chain Weekly report" in this issue

Key points of this week's report: operating rate of primary lead regenerated lead-lead battery

Forecast next week: recycled raw materials are tight & consumption is still expected lead fundamentals are good.

SMM lead data: lead concentrate TC Shanghai and Guangdong lead inventory LME inventory

Lead concentrate market

Primary lead: social inventory decline is expected to continue next week

Profit analysis of recycled lead: the recycled lead smelter lost 200 yuan / ton

Recycled refined lead market

Lead Battery Market: maintaining on-demand Purchasing preferences to return to Primary lead

Silver-sulfuric acid

Futures and import and export markets

Hot spots in the industry

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[China lead Industry chain High-end report] China lead Industry chain monthly report includes macro interpretation, monthly lead price review, interpretation of hot events in various sections of the lead industry chain (ore, primary lead, recycled lead and lead battery), future forecasts, and simultaneous release of monthly lead concentrate, primary lead, recycled lead and lead battery enterprise operating rate and inventory survey, lead concentrate monthly balance, lead monthly balance and other data. Covers the entire lead industry chain.

[China lead Industry chain routine report] China lead Industry chain Weekly report includes a macro interpretation, a review of lead prices within the week, market trends in various sections of the lead industry chain (primary lead, recycled lead and lead batteries), weekly social inventory of lead ingots, and future forecasts, and focuses on the analysis of lead concentrate TC, refined waste price difference, recycled lead profits, etc., and a comprehensive interpretation of the lead market during the week.

"apply for free access to the SMM metal industry chain database

Catalogue of "SMM lead Industry chain Weekly report" in this issue

Key points of this week's report: operating rate of primary lead regenerated lead-lead battery

Forecast next week: the inventory base is low & the refinery overhaul is supported by the Wansi pass at the bottom of Shanghai lead.

SMM lead data: lead concentrate TC Shanghai and Guangdong lead inventory LME inventory

Lead concentrate market

Primary lead: the inflow of imported lead will become the primary concern for the subsequent accumulation of lead ingots.

Recycled lead market: the profits of recycled lead enterprises have not been significantly repaired.

Profit Analysis of recycled lead: reduction lead smelting is still difficult to make a profit

Recycled refined lead market

Alloy lead market: enterprises purchase alloy lead on demand

Lead-acid battery market: trading in the spot market remains sluggish, especially in the trading sector.

Silver-sulfuric acid

Futures and import and export markets

Hot spots in the industry

Scan the QR code application report for free and join the SMM copper industry chain exchange group

[China lead Industry chain High-end report] China lead Industry chain monthly report includes macro interpretation, monthly lead price review, interpretation of hot events in various sections of the lead industry chain (ore, primary lead, recycled lead and lead battery), future forecasts, and simultaneous release of monthly lead concentrate, primary lead, recycled lead and lead battery enterprise operating rate and inventory survey, lead concentrate monthly balance, lead monthly balance and other data. Covers the entire lead industry chain.

[China lead Industry chain routine report] China lead Industry chain Weekly report includes a macro interpretation, a review of lead prices within the week, market trends in various sections of the lead industry chain (primary lead, recycled lead and lead batteries), weekly social inventory of lead ingots, and future forecasts, and focuses on the analysis of lead concentrate TC, refined waste price difference, recycled lead profits, etc., and a comprehensive interpretation of the lead market during the week.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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