Home / Metal News / Lead / [SMM lead Battery column] lead prices fluctuate well downstream volume procurement market trading is good
[SMM lead Battery column] lead prices fluctuate well downstream volume procurement market trading is good
Jul 24,2020 17:30CST
The content below was translated by Tencent automatically for reference.

July 24th purchase quotation of waste batteries from SMM well-known domestic recycled lead enterprises

The trend of SMM lead Market on July 24th

Shanghai market Mulun lead 15045 yuan / ton, Shanghai lead 2008 contract rising water price 30 yuan / ton; Chihong lead 15195 yuan / ton (pre-sale), Shanghai lead 2008 contract rising water price 180 yuan / ton; Jiangsu and Zhejiang market Muleng, Wanyang, Yuteng lead 15045tel 15065 yuan / ton, Shanghai lead 2008 contract water price 30buy 50 yuan / ton; imported KZ lead 14955 million 14975 yuan / ton, Shanghai lead 2008 contract discount 60,540 yuan / ton. Lead futures continue to hover around Wanwu, the shipping intention of the holder is OK, the quotation is lowered, the downstream purchasing on demand, and the recycled lead discount is narrowed, and the trading activity of the bulk order market is improving.

Guangdong market Nanhua lead 14925 yuan / ton, flat water quotation for SMM1# lead price; Minshan, Henan province, 15000 yuan / ton, 75 yuan / ton for SMM1# lead price; Shuikoushan, Hunan, 14975 yuan / ton for SMM1# lead price: 50 yuan / ton (trader); Jiangtong 14945 yuan / ton, 20 yuan / ton for SMM1# lead price Yunnan small factory 14575 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. The high price of lead fluctuates, the downstream routine purchases according to volume, the market trading is still good, and the source of bulk goods in refineries is less.

During the day, the 2009 contract for Shanghai lead opened at 15000 yuan / ton. In early trading, Shanghai lead fluctuated horizontally in the range of 15000 yuan / ton along the intraday moving average. In the afternoon, basic metals fell, Shanghai lead fell to an intraday low of 14800 yuan / ton, short positions were reduced, and Shanghai lead rebounded above the intraday moving average, closing at 14975 yuan / ton, up 125yuan / ton, or 0.84%. The position increased by 433 to 23087, and the trading volume increased by 9685 to 30476. Shanghai lead closed on the Changyang line, but the bears failed to break the 20-day moving average, and the bulls failed to explore the 10-day moving average again during the day, the long-short game was fierce, and trading was active. Fundamentally, there is a widespread shortage of supply in the north, which may boost lead prices and pay attention to whether Shanghai lead can stand on the 5-day moving average at night. It is expected that before the peak consumption season, Shanghai lead will still be supported by the 20-day moving average. Keep trying to break through the 10-day moving average.

With the emergence of high temperature in various places, the replacement demand of automobile battery market has improved regionally, coupled with the rising price of lead, the purchasing enthusiasm of dealers is OK. At present, the operating rate of a small number of large enterprises is close to full load.

The QR code in the scan picture enters the SMM industry communication group.

Lead Battery
waste Battery
recycled lead

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn