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[SMM lead Battery column] the lead downstream has fewer orders for bargain-hunting traders and smelters today.
Jul 14,2020 13:34CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

July 14 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

The trend of SMM lead Market on July 14

Shanghai market Mulun lead 15790 yuan / ton, 50 yuan / ton discount to Shanghai lead 2007 contract; Jiangsu and Zhejiang market south, Tongguan, Yuteng lead 15790 color 15840 yuan / ton, 50 yuan / ton to flat water price for Shanghai lead 2007 contract. During the period of lead high consolidation, the price of the holder follows the market, but there is almost no inquiry for warehouse receipt goods downstream, just need to still prefer some electrolytic lead factory shipments of recycled lead goods, and there is little trading in the trade market.

Guangdong market Nanhua lead 15500 yuan / ton, flat water quotation for SMM1# lead price; Minshan, Henan province, 15550 yuan / ton, 50 yuan / ton for SMM1# lead price; Shuikoushan, Hunan, 15550 yuan / ton for SMM1# lead price: 50 yuan / ton (trader); Jiangtong 15550 yuan / ton, 50 yuan / ton for SMM1# lead price Jinde 15450 yuan / ton, 50 yuan discount to SMM1# lead price. Anhui Bronze Crown 15790 yuan / ton, 2007 contract discount 50 yuan / ton. Yunnan small factory 15100 yuan / ton, the average price of SMM1# lead discount 400 yuan / ton. The overall decline of non-ferrous metals, the lower reaches of today's bargain purchases, traders and smelters less bulk orders.

Shanghai lead fell off a cliff in early trading, with a slight rebound supported by 15350 yuan / ton. Although the price of lead has been reduced, it remains high on the whole, the production enthusiasm of smelters remains unabated, waste batteries are actively purchased, and the supply of waste batteries remains tight, and quotations for waste batteries in most areas continue to rise today. In addition, with the high price of reduced lead, the profits of recycled refined lead refineries went up, and the turnover of reduced lead improved. And recycled refined lead to maintain a deep discount, today's average price of SMM1# lead mainstream quotation at 300mur450 yuan / ton, a smelter reported a discount of 500yuan / ton, downstream fear of high careful mining, light trading.

The terminal consumption of the automobile battery market has not improved for the time being, but with the rise of lead prices, retailers buy up and replenish the stock, and the trading activity of the battery wholesale market is improving. At present, the main model 6-QW-45Ah is maintained at 165 Mel 200 yuan per unit.

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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