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[SMM lead Battery column] the price of waste battery is reduced, limited tax is included, and the recycled refined lead market still maintains a deep discount quotation.
May 29,2020 13:31CST
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 29th SMM domestic well-known recycled lead enterprises waste battery procurement quotation

Trend of lead Market in SMM on May 29th

Shanghai Changchi Hong lead 14525Mel 14545 yuan / ton, price for Shanghai lead 2006 contract 180 Mel 200 yuan / ton; Wuxi market South lead 14445 yuan / ton, Shanghai lead 2006 contract price 100yuan / ton; another import KZ lead 14345 yuan / ton, flat water quotation for Shanghai lead 2006 contract. Lead reduction positions down, the holder quotation with the market, at the same time on Friday, part of the downstream on-demand procurement, but the smelter shipping price advantage remains, the trade market transaction has not been significantly improved.

Shanghai lead is suppressed by the daily moving average, weak shock, the price reduction of waste batteries is limited, the tax recycled refined lead market still maintains a deep discount quotation, the lower reaches is just in need of procurement, and the market trading is general.

The terminal consumption of the electric bicycle battery market is general, and the dealers are cautious in purchasing. Although some storage enterprises intend to increase the price of the battery considering the cost factor, they have not yet landed.

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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