Chinese secondary lead ingot prices down
2023-03-23 08:23:40 [Print]
BEIJING (Asian Metal) 23 Mar 23 - The current mainstream prices of secondary lead ingot 99.994%min stand at RMB15,020-15,220/t (USD2,186-2,215/t) EXW 100% down today, down by about RMB30/t (USD4.4/t) from yesterday. Upon both stable supply and demand in the market during the past week, insiders predict that prices of secondary lead ingot would remain steady in the following days.
A producer in Hunan disclosed, "We sold about 300t secondary lead ingot 99.994%min at RMB15,080/t (USD2,195/t) EXW 100% down today when we offered around RMB15,100/t (USD2,198/t)". While they quoted about RMB15,120/t (USD2,201/t) with a concession of 20/t (USD2.9/t) if clients purchased more than 300t once but failed to close any deal due to no inquiry. As both the supply and demand of market kept stable, they believed that prices of secondary lead ingot 99.994%min would keep falt in the coming days.
With an annual production capacity of 200,000t of secondary lead ingot 99.994%min, they produced about 15,000t this month, unchanged MoM, holding no inventory presently.
"We sold about 200t of secondary lead ingot 99.994%min at RMB15,050/t (USD2,191/t) EXW 100% down without any concession today," another Henan-based producer added. While they sold around 100t at RMB15,080/t (USD2,195/t) yesterday. They could consider giving a concession of RMB20-30/t (USD2.9-4.4/t) if clients purchased 500t at least. Considering stable consumption from downstream cleints, the producer predicts that prices of secondary lead ingot 99.994%min would keep stable in the following days.
The producer, with an annual production capacity of 70,000t of secondary lead ingot 99.994%min, produced about 4,000t this month, in line with last month. They hold no stock now.
A producer in Hunan disclosed, "We sold about 300t secondary lead ingot 99.994%min at RMB15,080/t (USD2,195/t) EXW 100% down today when we offered around RMB15,100/t (USD2,198/t)". While they quoted about RMB15,120/t (USD2,201/t) with a concession of 20/t (USD2.9/t) if clients purchased more than 300t once but failed to close any deal due to no inquiry. As both the supply and demand of market kept stable, they believed that prices of secondary lead ingot 99.994%min would keep falt in the coming days.
With an annual production capacity of 200,000t of secondary lead ingot 99.994%min, they produced about 15,000t this month, unchanged MoM, holding no inventory presently.
"We sold about 200t of secondary lead ingot 99.994%min at RMB15,050/t (USD2,191/t) EXW 100% down without any concession today," another Henan-based producer added. While they sold around 100t at RMB15,080/t (USD2,195/t) yesterday. They could consider giving a concession of RMB20-30/t (USD2.9-4.4/t) if clients purchased 500t at least. Considering stable consumption from downstream cleints, the producer predicts that prices of secondary lead ingot 99.994%min would keep stable in the following days.
The producer, with an annual production capacity of 70,000t of secondary lead ingot 99.994%min, produced about 4,000t this month, in line with last month. They hold no stock now.
