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Home / Metal News / Trading Diverges in China Refined and Secondary Lead Market

Trading Diverges in China Refined and Secondary Lead Market

iconMar 5, 2016 14:19
Transactions are stagnant recently in Chinese #1 refined lead market while those in secondary lead market are red-hot.

SHANGHAI, Mar. 5(SMM) – Transactions are stagnant recently in Chinese #1 refined lead market while those in secondary lead market are red-hot. What factors are behind the diverging scenes?

Secondary lead supply tightened in Jiangxi, Guangdong, Hebei and Shandong’s Linyi and some smelters even pre-sell goods for March in Kunming. #2 lead also witnessed upbeat trading activities with mainstream prices at 13,600-13,700 yuan per tonne.

SMM #1 lead saw big gains in previous period and this leads to downstream buyers more favor secondary lead. SMM #1 lead increased 300 yuan per tonne from the end of January. #2 lead also registered gains but still about 100 yuan per tonne lower than #1 lead.

Growing downstream buyers turn willing to use secondary lead as raw materials, especially motive lead-acid battery producers, which contains demand for refined lead. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

secondary lead prices
SMM #1 refined lead price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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