[SMM lead Battery column] lead prices continue to rise. There are few consumer traders and smelters waiting for delivery in the market.

Published: Jul 13, 2020 14:19

July 13 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

 

The trend of SMM lead Market on July 13th

In the Shanghai market, Mulun lead is 15800 yuan / ton, 50 yuan / ton for Shanghai lead 2007 contract, 15800 yuan / ton for copper crown lead in the south of Jiangsu and Zhejiang market, and 50 yuan / ton to flat price for Shanghai lead 2007 contract. Lead futures continued to strengthen, the month's contract reached ten thousand six, the holder raised the price to ship, the price discount has not changed from last week, while the lower reaches of the high-priced goods are cautious to wait and see, the actual transaction is few, the holder sits waiting for delivery.

Guangdong market Nanhua lead 15525 yuan / ton, flat water quotation for SMM1# lead average price; Minshan, Henan province, 15525 yuan / ton, flat water quotation for SMM1# lead price; Hunan Shuikoushan 15575 yuan / ton, 50 yuan / ton rising water price for SMM1# lead (trader); Jiang Copper 15525 yuan / ton, flat water quotation for SMM1# lead price. Jinde 15475 yuan / ton, 50 yuan discount to SMM1# lead price. Anhui Bronze Crown 15800 yuan / ton, 2007 contract discount 50 yuan / ton. Yunnan small factory 15125 yuan / ton, the average price of SMM1# lead discount 400 yuan / ton. The main market funds continue to do high prices, the market has little consumption today, traders and smelters have reduced shipments of bulk orders, and began to register warehouse receipts to deliver positions.

Shanghai lead continued to be strong in early trading last week, with 15500 yuan / ton under pressure at a high level above the daily moving average. The supply of waste batteries is in short supply, and the procurement demand of smelters is high. Today's quotations for waste batteries generally rose by 100 won 150 yuan / ton, while those offered by some enterprises increased by more than 200 yuan / ton. In addition, recycled refined lead maintains a deep discount. Today, the average price of SMM1# lead is 450 yuan / ton. Downstream, it is afraid of high and careful mining, and it still favors deep sticking water supply.

The terminal consumption of the electric battery market is general, while the lead price continues to strengthen, the price atmosphere of the battery wholesale market increases, some brands intend to raise the price, while the dealer inventory is high, waiting for the follow-up consumption to be realized.

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!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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