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[lead Battery column] the obvious price advantage of primary lead and recycled lead factories is just needed.
May 28,2020 14:51CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

"[blockbuster recommendation] Price leads Market Forecast and customized consultation Thousand people meeting: SMM helps lead enterprises to quickly recover blood after the epidemic.

May 28th SMM domestic well-known recycled lead enterprises purchase quotations for waste batteries

Trend of SMM lead Market on May 28th

Shanghai Changchi Hongyang lead 14605 Mel 14625 yuan / ton, price for Shanghai lead 2006 contract 180 Mel 200 yuan / ton; Wuxi market South lead 14525 yuan / ton, Shanghai lead 2006 contract price 100 yuan / ton; another import KZ lead 14425 yuan / ton, flat water quotation for Shanghai lead 2006 contract. Future lead to maintain the consolidation trend, the price of the holder has not changed significantly, while the primary lead and recycled lead factory shipping price advantage is obvious, diversion is just needed, the spot trade market continues to be in the doldrums.

Shanghai lead back above the 5-day moving average, waste battery quotations are mainly to maintain stability, recycled lead market to maintain a deep discount quotation, downstream procurement mood is depressed, the actual transaction is light.

Automobile battery market replacement market demand is weak, dealer inventory digestion is slow, while the major brands maintain promotion, some dealer inventory varies from 1Mel to 2 months.

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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