SHANGHAI, May (22) – Lead prices skied a rocket in 2016, but plunged 45% from the highest level so far. Where will lead price go in face of tightening bank loans, falling real estate market and strict environmental protection? See answers on SMM 2017 Lead & Zinc Summit held on May 20.
Collections of Stories in Base Metal Market at SMM 2017 Lead&Zinc Summit
SMM: Lead price registered continuous decline in the first half of 2017, and will it remain weak in the rest of year?
One lead-acid battery producer in east China expects lead-acid battery consumption to miss market anticipation. Lead consumption in motive and backup battery demand will reduce in 2017, while that in ignition battery and storage battery will increase.
SMM: Domestic lead-acid battery demand growth slows down in recent years, and will this condition continue in 2017? Do you have any battery capacity expansion in the year?
One lead-acid battery producer in east China said that lead price lacks upward strength in face of continuous decline in demand, while supply is ample. But, environmental protection inspections strike secondary lead production, and this will continue making great impact on lead price in the rest of year. If many secondary lead smelters bring capacity back online, lead price will keep falling.
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