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[SMM lead Battery column] due to smelting profits, the supply of lead in the market is limited.
May 20,2020 14:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Price of SMM lead products on May 20th

May 20th SMM domestic well-known recycled lead enterprises waste battery procurement quotation

Trend of lead Market in SMM on May 20th

Shanghai Changchi Hongyang lead 14340mur14360 yuan / ton, price 280mur300 yuan / ton for Shanghai lead 2006 contract, 14240Muth14260 yuan / ton for Southern lead 2006 contract, 180mur200 yuan / ton for Shanghai lead 2006 contract. Lead consolidation to maintain the trend, and with the smelter supply discount narrowed, some traders are also raised warehouse receipt prices, while the lower reaches only just need to purchase, the bulk market transactions in general.

Guangdong market South China lead 14175 yuan / ton, 50 yuan / ton for SMM1# lead price rise; Jinli 14125 yuan / ton, for SMM1# lead average price level quotation; Jinli, Wanyang 14125 yuan / ton, for SMM1# lead average price level quotation (trader); Hunan Shuikoushan 14075 yuan / ton, 50 yuan / ton for SMM1# lead price; Hunan Jingui 13975 yuan / ton, 150 yuan / ton for SMM1# lead price. Jiangzhong 14125 yuan / ton, the average price of SMM1# lead flat water quotation. Jiangxi Jinde is 14075 yuan / ton, and the average price discount to SMM1# lead is 50 yuan / ton. Yunnan small factory 13825 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. Spot prices are stable, the price of bulk orders in Henan smelters is maintained near Pingshui, and the discount in Hunan and other areas has not been narrowed for the time being. Today, some enterprises just need to purchase, and the market trading is still good.

The main lead in Shanghai once again reached the top of 10,000, and the price of waste batteries maintained stability. Due to the problem of smelting profits, the supply in the lead market was limited. At the same time, the buying sentiment in the lower reaches was low, and after the lead price strengthened, the turnover of the recycled lead market was relatively light, and the discount was slightly expanded.

Automobile battery market replacement demand is light, dealers purchase on demand, the overseas epidemic slows down, some ports begin to open up, follow-up need to pay attention to the improvement of battery exports.

In 2019, global trade disputes escalated, the global economy was under pressure, and 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 will remain unchanged, and 2020 will also be the year when China will build a moderately prosperous society in an all-round way and the 13th five-year Plan ends. In this context, the new crown virus is rampant all over the world, and it is worth looking forward to how to achieve steady economic growth.

In terms of the lead market, the newly expanded production capacity of overseas mines has been released one after another from 2019 to 2020, but the overseas epidemic has spread and some overseas mines have been put into production and mines under construction. Where will the lead concentrate go in 2020? At the same time, new expansion projects in China's recycled lead market are springing up everywhere. What is the actual output release in 2020? Whether the cost support is effective or not, the supply of waste batteries has become the focus of the future market; and under the influence of a number of policies (such as the new national standard for electric bicycles, motorcycle purchase tax exemption, etc.), whether the subsequent lead consumption matches, and what is the trend of lead prices in 2020?

In response to the above topics, SMM will invite industry celebrities, industry professionals, enterprises from the upper and lower reaches of the industrial chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to jointly discuss the current situation and problems of the industry, as well as the 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!

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waste Battery
recycled lead
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