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[lead Battery column] the main funds in the market continue to be high in lead prices. Today, there are few consumer traders and smelters preparing for spot delivery.

iconJul 9, 2020 15:14
Source:SMM

July 9 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

The trend of SMM lead Market on July 9th

In the Shanghai market, the price of lead 15275 / ton is 15305 yuan / ton, the discount for Shanghai lead 2007 contract is 30 yuan / ton to level water; in the south of Jiangsu and Zhejiang market, the price of copper crown lead 15275 / ton is 15305 yuan / ton, and the discount to Shanghai lead 2007 contract is 30 yuan / ton to flat water. Lead upstream, and due to the limited warehouse order, the holder price shipment, while the downstream fear of high wait-and-see, part of the need is still partial to recycled lead, the trading market is two light.

Guangdong market South China lead 15075 yuan / ton, the average price of SMM1# lead 50 yuan / ton quotation; Henan Jinli 14925 ~ 14975 yuan / ton, the average price of SMM1# lead discount 50 yuan 100 yuan / ton (trader); Minshan, Henan 15025 yuan / ton, the average price of SMM1# lead price level quotation; Hunan Shuikoushan 15075 yuan / ton, the average price of SMM1# lead water 50 yuan / ton (trader); Jiang Copper 15075 yuan / ton, the average price of SMM1# lead 50 yuan / ton price. Jinde 15025 yuan / ton, 50 yuan discount to SMM1# lead price. Anhui Bronze Crown 15255 yuan / ton, 2007 contract discount 50 yuan / ton. Yunnan small factory 14625 yuan 14675 yuan / ton, the average price discount for SMM1# lead is 350 yuan 400 yuan / ton. The main funds in the market continue to raise prices, there is little consumption in the market today, and traders and smelters are ready to deliver spot positions.

Shanghai lead morning trading all the way up, and reached 15000 yuan / ton line, failed to stand firm, close to the noon pullback. Affected by the rising price of lead, the smelter has high production enthusiasm and rising purchasing demand, but the supply of waste batteries is still tight, and the price of waste batteries maintains an upward trend. In addition, the discount of recycled refined lead has been expanded, the downstream transaction situation has been improved, and the supply of reduced lead and recycled refined lead in some refineries is in short supply.

The domestic demand of the automotive battery market is sluggish, and dealers are mainly digesting inventory for the time being, while overseas recovery, some battery exports are slightly better, and the current operating rate of production enterprises is maintained at 60%, ranging from 90%.

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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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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