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[SMM lead Battery column] the transaction price of waste batteries is multi-dimensional and stable, including tax, and the recycled refined lead market maintains a deep discount.
May 26,2020 13:13CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

May 26th SMM domestic well-known recycled lead enterprises waste battery purchase quotation

The trend of SMM lead Market on May 26th

Shanghai Changchi Hongyang lead 14605 Mel 14625 yuan / ton, price for Shanghai lead 2006 contract 200 Mel 230 yuan / ton, Wuxi market South lead 14505 Mel 14525 yuan / ton, Shanghai lead 2006 contract 100 Mel 120 yuan / ton. Another import KZ lead 14405 yuan / ton, Shanghai lead 2006 contract flat water quotation. Lead futures to maintain a high level of consolidation, the holder actively shipped, quotations increased than yesterday, while imports of lead arrived, the lower reaches are not optimistic about the future, only just need to purchase, and mostly for long-term transactions, the bulk market transaction is still not improved.

The high level of lead in Shanghai is weak, the trading price of waste battery is multi-dimensional and stable, the market of recycled lead including tax is deeply discounted, and the buying mood in the lower reaches is low, purchasing only on demand.

The replacement demand in the automobile battery market is general, the major brands continue to promote sales, but the purchasing capacity of dealers is limited, and some small and medium-sized storage 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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