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[SMM lead Battery column] lead prices fluctuate back down smelters still maintain discount shipments
May 13,2020 15:40CST
The content below was translated by Tencent automatically for reference.

May 13 price of SMM lead products

May 13 SMM domestic well-known recycled lead enterprises waste battery purchase quotation

The trend of SMM lead Market on May 13th

Shanghai market Jinsha lead 1423514255 yuan / ton, Shanghai lead 2006 contract price 280300 yuan / ton, Wuxi market south lead 14155 yuan / ton, Shanghai lead 2006 contract 200 yuan / ton quotation. The next day lead basically gave up the previous day's increase, the holder quotation did not change greatly for the time being, the downstream maintained on-demand procurement, and inclined to the better price of recycled lead, bulk market transaction activity is general.

Guangdong market South China lead 14050 yuan / ton, the average price of SMM1# lead 50 yuan / ton quotation; Henan Yuguang, Wanyang and other smelters to Jiaochang single, Jinli, Wanyang, Minshan 13850 13920 yuan / ton, the average price of SMM1# lead discount 80 yuan / ton (some traders source); Hunan Shuikoushan 14000 yuan / ton, the average price of SMM1# lead water (traders); Hunan Jingui 13850 yuan / ton, the average price of SMM1# lead discount 150 yuan / ton Jiang Copper 13980 yuan / ton, 20 yuan / ton discount to the average price of SMM1# lead. Yunnan small factory 13700 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. Lead prices fell back, smelters still maintain discount shipments, but today some shippers slightly slowed the pace of shipments, trading improved today, mainly due to lower prices.

Shanghai lead fell back to the early shock range, waste battery mainstream quotation to maintain stability, including tax recycled lead discount slightly narrowed, the mainstream reported to the SMM1# lead average price discount near 200 yuan / ton, some areas have deep sticking water quotation.

Today, the electric lead plate (externalized) reported 16400-16600 yuan / ton, the storage battery market consumption is light, the storage enterprise market enthusiasm is limited, and the recent lead price fluctuation is frequent, only purchases on demand in the raw material aspect.

With the escalation of global trade disputes in 2019 and the downward pressure on the global economy, central banks began a wave of interest rate cuts. At the same time, the meeting of the political Bureau of the CPC Central Committee stressed that at present and for some time to come, the basic trend of China's economic stability and long-term improvement has not changed, and 2020 is also the year for China to build a well-off society in an all-round way and the end of the 13th five-year Plan. Against this background, the new crown virus is raging all over the world, and how to achieve stable economic growth in China is worth looking forward to.

In the zinc market, overseas mines will increase production step by step in 2019, but the increase in domestic mine production will be repeatedly hindered. In the first quarter of 2020, zinc prices fell through the mine cost line, mine profits plummeted, and how smelters and mine profits will be distributed in 2020. can overseas mines be expected to be put into production under the disturbance of the epidemic situation? In addition, the output of domestic refining zinc smelters broke through the bottleneck in 2019 and refreshed the all-time high. Under the disturbance of the supply end of zinc mines in 2020, can the capacity utilization rate of smelters maintain a high load? Whether the infrastructure investment under the tone of "stabilizing the economy" in 2020 can exceed the expected performance, whether the super-seasonal performance of the galvanizing industry can still be expected, and whether the contradiction between supply and demand of zinc may reverse in 2020, paying attention to and laying out structural opportunities is another option. Can zinc prices pick up in 2020?

In view of the above topics, SMM will invite industry bigwigs, industry professionals, upstream and downstream enterprises of the industry chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to discuss the current situation and problems faced by the industry, as well as future development prospects, and analyze the fundamentals and the future trend of zinc prices.

"Click to sign up for SMM" 2020 (15th) lead and Zinc Summit

Scan the QR code in the picture to sign up for the lead-zinc summit and fill in the personal information on the last page. The meeting staff will contact you later!

Lead Battery
waste Battery
recycled lead

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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