Cost rise hits inventory pre-increase lead price may rise and fall next week [SMM lead Weekly selection]

"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 the SMM lead industry chain:

The impact of the epidemic on the lead industry chain continues to ferment, the transportation of waste is limited, and the regional competitive premium makes the price of waste batteries rise instead of falling in the context of lead prices falling during the week, and the cost factor may have played an important role in futures. However, the impact of the epidemic has also spread to terminal consumption, prompting the lead battery consumer market to be weaker in the off-season in April. Cost VS off-season.

Price forecast:

Spot price forecast: 15200-15500 yuan / ton. In terms of primary lead, the supply of lead ingots does not change much, but refinery inventory remains low, and most of the mainstream delivery brand refineries or maintain flat water shipments; in the case of recycled lead, due to transportation restrictions on waste transportation, regional competition intensifies and the cost of recycled lead rises, but the supply of recycled lead increases synchronously, the supply is loose or the difference in refinery shipments expands, and there is still a big discount. Downstream, due to weak orders, the major enterprises have reduced production, raw materials to maintain a rigid demand for procurement.

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

Key points of this issue: operating rate of primary lead regenerated lead-lead battery

Forecast for next week: cost rises, inventory increases, lead prices may rise and fall next week.

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

Lead concentrate market

Primary lead: delivery becomes the main theme lead ingots increase in social inventory

Profit analysis of recycled lead: cost increase, superimposed lead price weakening, profit level of recycled lead refinery continues to decline

Recycled refined lead market

Lead acid battery market

Silver-sulfuric acid

Weekly output inventory of domestic smelters

[China lead Industry chain High-end report] China lead Industry chain monthly report includes macro interpretation, monthly lead price review, interpretation of hot events and future forecasts in various sections of the lead industry chain (ore, primary lead, recycled lead and lead battery). And simultaneously release 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 macro interpretation, lead price review within the week, market trends in various sections of the lead industry chain (primary lead, recycled lead and lead battery), weekly social inventory of lead ingots, and future forecasts, and focuses on the analysis of lead concentrate TC, refined waste price difference, recycled lead profit, etc., and a comprehensive interpretation of the lead market during the week.