Lead-Acid Battery Exports Slump in June-July Amid Widening Domestic-Overseas Price Gap

[SMM Analysis: Lead-acid Battery Exports Decline Successively in June-July, Focus on Subsequent Domestic-overseas Price Ratio Restoration]

According to research, in July, the contradiction in domestic lead market supply intensified, leading to a robust rise in lead prices. The main contract of Shanghai lead futures peaked at 20,050 yuan/ton, setting a new high since July 4, 2018. In contrast, the contradiction in overseas market supply was not prominent, with LME lead inventories once increasing to a high level of 250,000 tonnes. The difference in supply contradictions between domestic and overseas markets resulted in a stronger domestic and weaker overseas trend in lead prices...