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[SMM lead Battery column] Today's futures delivery day, some refineries have unplanned delivery sources, expanded water shipments.
Jul 15,2020 15:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

July 15 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

The trend of SMM lead Market on July 15th

The price of Mulun lead is 15575 yuan / ton in Shanghai market, 50 yuan / ton in Shanghai lead 2007 contract, 15575 yuan / ton in the south of Jiangsu and Zhejiang market, and 50 yuan / ton in Shanghai lead 2007 contract. Lead fell back at a high level, and today is the delivery day, the price of the holder is not much, some maintain the discount price, at the same time, the downstream fear of falling wait and see, only just need to purchase, is still biased towards refinery supply, the spot market trading has not improved.

Guangdong market South China lead 15425 yuan / ton, the average price of SMM1# lead price flat quotation; Henan Jinli, Wanyang 15325 yuan 15375 yuan / ton, to SMM1# lead average price discount 50 yuan / ton Henan Minshan 15450 yuan / ton, to SMM1# lead average price up 25 yuan / ton quotation; Hunan Shuikoushan 15475 yuan / ton, to SMM1# lead average price 50 yuan / ton quotation (trader); Jiang Copper 15475 yuan / ton, to SMM1# lead average price rise 50 yuan / ton quotation. Jinde 15350 yuan / ton, the average price of SMM1# lead discount 75 yuan / ton. Yunnan small factory 15025 yuan / ton, the average price of SMM1# lead discount 400 yuan / ton. Lead prices fell high, downstream just need to purchase, today's futures delivery day, some refineries unplanned delivery sources to expand water shipments.

Shanghai lead fell to 15315 yuan / ton in early trading, rising slightly under the support of overnight lows. The supply of waste batteries is still tight, the purchasing enthusiasm of smelters is high, and the price of waste batteries is easy to rise and difficult to fall. In addition, the price of lead continues to decline slightly, the price of waste battery remains high, the profit of recycled lead smelter narrows, and the sticker of recycled refined lead shrinks to some extent, but due to fear of high mining and careful mining in the lower reaches, most of them are needed, and recycled refined lead is still in a state of deep sticking.

Today, the electric lead plate (externalized) is reported at 17750tel 18000 yuan / ton. the market demand for batteries is mediocre, and some storage enterprises continue to digest inventories, and as lead prices fall, downstream storage enterprises only need to purchase.

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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