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[SMM lead Battery column] the increase in downstream inquiries is still skewed towards refinery goods trading in the market without improvement.
Jul 17,2020 13:24CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

July 17 SMM domestic well-known recycled lead enterprises waste battery procurement quotation

 

The trend of SMM lead Market on July 17th

Shanghai market Mulun lead 15090 yuan / ton, Shanghai lead 2008 contract rising water price 150 yuan / ton; Chihong lead 15290 yuan / ton, Shanghai lead 2008 contract rising water price 350yuan / ton; Jiangsu and Zhejiang market Muleng, Wanyang, Yuteng lead 15040Lue 15090 yuan / ton, Shanghai lead 2008 contract rising water price 100mur200 yuan / ton; import KZ lead 14940 yuan / ton, flat water quotation for Shanghai lead 2008 contract. Lead in the future continues to weaken, while the supply of goods in circulation in the market increases, the price quoted by the consignor rises to maintain stability, and the inquiry in the lower reaches increases, but the actual procurement is still biased towards refinery goods, and the transaction in the trade market has not been greatly improved.

Shanghai lead was adjusted horizontally at 14920 yuan / ton in early trading. As for waste batteries, as the price of reduced lead fell with the price of lead, the purchasing enthusiasm of smelters decreased slightly, and the purchase prices of waste batteries in some areas were reduced, but the overall price remained high and stable. At present, the mainstream price of reduced lead is 13500 Mel 13550 yuan / ton to the factory, the profit of the recycled lead smelter is meagre, while the discount of recycled refined lead is shrinking, and the average price discount of SMM1# lead to 300 yuan / ton, there is a general reluctance to sell in recycled lead smelters, and the trading of reduced lead and recycled refined lead is light.

Automobile battery market replacement demand is general, dealers purchase on demand, and driven by the early lead price rise, individual brands have narrowed their promotion efforts, and now the main model 6-QW-45Ah is 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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