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[SMM lead Battery column] supply in the primary market is tight and lead ingot inventories are expected to fall slightly this week compared with the previous month

iconApr 24, 2020 13:15
Source:SMM

Price of SMM lead products on April 24th

April 24 SMM domestic well-known recycled lead enterprises waste battery purchase quotation

April 24 SMM lead Market Trends

Shanghai market Jinsha lead 1438014400 yuan / ton, Shanghai lead 2005 contract price of 400-420 yuan / ton. Lead rising momentum is insufficient, holders because of limited supply, more to maintain high water quotation, but the downstream fear of high careful mining, coupled with part of the diversion to recycled lead, bulk single market high price transaction difficulty.

South China lead in Guangdong market is 14130 yuan / ton, the average price of SMM1# lead is 80 yuan / ton. Henan Yuguang, Wanyang, Jinli and other smelters give priority to long orders: Jiang copper 14200 yuan / ton, the average price of SMM net rose 150 yuan / ton; Henan basic pre-sale ended, mainly long orders this week, refineries in other regions maintain high water quotation, the supply of goods in the primary market is still relatively tight, lead ingot inventory is expected to decline slightly this week compared with the previous month.

Shanghai lead upward weakness, waste battery quotation is basically stable, recycled lead market trading is light, pay attention to the downstream May Day pre-warehouse emotional changes.

Today, the electric lead plate (internalized) reported 15650-15850 yuan / ton, the battery market consumption is low, the storage enterprise production enthusiasm is not high, the raw material lead only just needs to purchase.

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