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[SMM lead Battery column] Today, market trading has turned to weak downstream procurement, mainly recycled lead.
May 21,2020 13:16CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Price of SMM lead products on May 21th

May 21 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

Trend of lead Market in SMM on May 21st

Shanghai Changchi Hongyang lead 14455mur14505 yuan / ton, for Shanghai lead 2006 contract liter 250Mel 300 yuan / ton; Wuxi market south lead 14355 Mel 14385 yuan / ton, for Shanghai lead 2006 contract liter water 150mur180 yuan / ton quotation. Lead futures continued a strong trend, while the lower reaches were afraid of high and cautious, some maintained long order trading, while the discount for recycled refined lead expanded, a few reported to the SMM1# lead average price discount 350,300 yuan / ton out of the factory, traders also lowered their quotations and raised water, but trading in the bulk market was still weak.

Guangdong market Nanhua lead 14200 yuan / ton, 50 yuan / ton for SMM1# lead price rise; Jinli and Wanyang 14125 yuan 14150 yuan / ton, 25 yuan / ton to flat water price for SMM1# lead price (trader); Hunan Shuikoushan 14100 yuan / ton, 50 yuan / ton for SMM1# lead price; 14000 yuan / ton for Hunan Jingui, 150 yuan / ton for SMM1# lead price. Jiangzhong 14150 yuan / ton, the average price of SMM1# lead flat water quotation. Jiangxi Jinde is 14100 yuan / ton, and the average price discount to SMM1# lead is 50 yuan / ton. Yunnan small factory 13850 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. Spot prices are stable, Henan smelters are mainly long order shipments, bulk order shipments are reduced, bulk stickers in Hunan and other areas continue, market trading is weakening today, and downstream procurement is dominated by recycled lead.

The main lead in Shanghai is high shock, the price of waste battery is flat, the supply of reduced lead is limited, the supply of goods including tax is more rare, the quotation is relatively strong, the trading of recycled lead market is general, and the discount including tax price has not been further expanded for the time being.

The market demand for electric bicycle batteries is sluggish, dealers are cautious in purchasing, some of them are mainly digesting inventory for the time being, and because the prices of some models of batteries are close to the cost line, small and medium-sized enterprises maintain a state of production reduction.

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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