Before the Spring Festival, fundamentals support limited vigilance against the rise and fall of lead prices [selected SMM lead Weekly]

Telah Terbit: Jan 15, 2022 09:05
Sumber: SMM
[SMM lead Weekly report selection: before the Spring Festival, the fundamentals support limited vigilance against the rise and fall of lead prices] in mid-late January, downstream enterprises will begin to have holidays one after another, and weaker consumption is expected to form natural negative conditions for subsequent lead prices, but it is worth noting that as the Hu Lun ratio narrows and the lead ingot export window opens again, the risk of lead ingot accumulation is not great.

"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:

In mid-late January, downstream enterprises will begin to have a holiday one after another, and weaker consumption is expected to form natural negative conditions for subsequent lead prices, but it is worth noting that as the Hu / Lun ratio narrows, the lead ingot export window opens again, and the risk of lead ingot accumulation is not great.

Price forecast:

Next week's spot price forecast: 15150-15650 yuan / ton; in terms of primary lead, the epidemic in Henan interferes with transportation, and the regional transportation of lead ingots is blocked. Attention is paid to whether this situation can be alleviated next week, and it is expected that the refinery will post water and ship goods. In terms of recycled lead, recycled lead smelters reserve waste before the year, waste battery prices rise frequently, and lead prices drive recycled lead profits to repair, and the price difference between refined and waste is expected to be more than 200 yuan / ton. Downstream, the first batch of holiday enterprises will appear in the battery market next week, and the follow-up lead consumption will also gradually decline.

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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 for next week: limited support for fundamentals before the Spring Festival to guard against the rise and fall of lead prices

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

Lead concentrate market

Primary lead: lead ingots continue to decline due to epidemic factors

Profit analysis of recycled lead: the price of waste battery rises rapidly and the profit level of recycled lead 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 in various sections of the lead industry chain (mines, primary lead, recycled lead and lead batteries), future forecasts, and Synchronize releases 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.

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