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Rare transactions of lead ingot in China

2019-03-21 11:52:34   【Print】
BEIJING (Asian Metal) 21 Mar 19 - On Wednesday, mainstream spot prices of lead ingot 99.994%min in China stood at RMB17,000-17,200/t (USD2,540-2,570/t), down by RMB25/t (USD3.73/t) from Tuesday.Asian Metal Copyright994%min of around 200t at RMB17,100t USD2,555t on Wednesday and around 200t at RMB17,150t USD2,562t on Tuesday.Asian Metal Copyright The VAT rate will reduce from April 1, so some traders hold back from selling before April.Asian Metal Copyright The transactions are only around 23 of the regular volume.Asian Metal Copyright Expecting a price decrease, downstream buyers are reluctant to purchase.Asian Metal Copyright994%min of around 100t at RMB17,150t USD2,562t on Wednesday, down by around RMB50t USD7.Asian Metal Copyright As a result, the market sees rare transactions.Asian Metal Copyright A lead ingot trader in Guangdong said, "Our downstream buyers still make purchases from hand to mouth and are in no hurry to replenish.Asian Metal Copyright Lead ingot prices would further slightly move down in the coming week.

A lead ingot trader in Shanghai said, "As the VAT rate will reduce from April 1, we hold some inventory to sell in April. Most of our orders are from regular buyers now with small purchase volume.Asian Metal Copyright994%min of around 200t at RMB17,100t USD2,555t on Wednesday and around 200t at RMB17,150t USD2,562t on Tuesday.Asian Metal Copyright" They sold lead ingot 99.994%min of around 100t at RMB17,150/t (USD2,562/t) on Wednesday, down by around RMB50/t (USD7.47/t) compared with that when they purchased around 100t on Tuesday.Asian Metal Copyright994%min in China stood at RMB17,000-17,200t USD2,540-2,570t, down by RMB25t USD3.Asian Metal Copyright Owing to the soft demand, the source predicts that lead ingot prices might go down a little in the coming week.

With a regular monthly trade volume of around 5,000t, they traded around 1,500t in February and expect to trade around 3,500t in March, holding an inventory of around 500t now.

A lead ingot trader in Guangdong said, "Our downstream buyers still make purchases from hand to mouth and are in no hurry to replenish. The transactions are only around 2/3 of the regular volume.Asian Metal Copyright .Asian Metal Copyright" They sold lead ingot 99.994%min of around 200t at RMB17,100/t (USD2,555/t) on Wednesday and around 200t at RMB17,150/t (USD2,562/t) on Tuesday.Asian Metal Copyright .Asian Metal Copyright It is expected that lead ingot prices might further drop in the coming week.

With a regular monthly trade volume of around 6,000t, they traded around 2,000t in February and expect to trade around 4,500t in March, holding an inventory of around 500t now.

.Asian Metal Copyright" They sold lead ingot 99.Asian Metal Copyright