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Home / Metal News / SMM Survey: Battery Producers Suspend Lead Purchases at Semi-Year and Month End

SMM Survey: Battery Producers Suspend Lead Purchases at Semi-Year and Month End

Jun 27, 2017 16:01

Source:SMM

Most medium and large lead-acid battery producers have built lead stocks last week and suspend lead purchases by spot transaction this week.

SHANGHAI, Jun. 27 (SMM) – Most medium and large lead-acid battery producers, facing clearing at semi-year and month end, suspend lead purchases by spot transaction this week after stock-building last week.

Ignition Battery Orders Decline amid Falling Lead Price, SMM Reports

This, combined with output resumption at primary and secondary lead smelters, will weigh down lead market in a short term.

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SHFE lead

LME lead

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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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Lead smelters made firm offers for spot goods on supply shortage, and downstream battery producers replenished stocks at low prices, improving transaction.

Aug 22, 2017 14:04

SMM Insight

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LME lead will trade at USD 2,480-2,520/mt on Thursday and SHFE 1709 lead will fluctuate at RMB 20,000-20,400/mt.

Aug 17, 2017 09:28

SMM Comments

SHFE 1710 Lead Ends up 1.17% (2017-8-16)

SHFE 1708 lead opened at RMB 19,325/mt and reached RMB 19,510/mt.

Aug 16, 2017 17:48

SMM Comments

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LME Lead to Hover at Highs (2017-8-16)

LME lead will trade at USD 2,320-2,355/mt on Wednesday and SHFE 1709 lead will fluctuate at RMB 19,200-19,400/mt.

Aug 16, 2017 09:20

SMM Comments

China’s Lead Market Sees Trading Improvement on Surging SHFE lead, SMM Reports

Supply shortage of refined lead sparked battery producers’ optimistic outlook, and those producers thus expanded purchases, improving transaction in China’s lead market.

Aug 15, 2017 16:42

SMM Comments Industry

China’s Lead Market Sees Trading Improvement on Surging SHFE lead, SMM Reports

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LME lead will trade at USD 2,350-2,390/mt on Friday and SHFE 1709 lead will fluctuate at RMB 19,000-19,350/mt.

Aug 11, 2017 09:23

SMM Comments

LME Lead to Remain Range-Bound (2017-8-11)

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Industry

Revolutionary lead-acid battery recycling technology obtains second patent

SHFE Lead Jumps 3.49% (2017-8-9)

SHFE 1709 lead opened at RMB 19,010/mt and closed at RMB 19,700/mt, up RMB 665/mt or 3.49%.

Aug 9, 2017 17:32

SMM Comments

China Primary Lead Output to Inch down in August after Rising in July, SMM Reports

China’s primary lead output grew 8.60% MoM and 11.27% YoY to 251,811 tonnes in July.

Aug 9, 2017 10:36

SMM Insight

China Primary Lead Output to Inch down in August after Rising in July, SMM Reports

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SMM Survey: Battery Producers Suspend Lead Purchases at Semi-Year and Month End

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit