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Demand for lead ingot sluggish in China

2019-04-10 17:54:07   【Print】
BEIJING (Asian Metal) 10 Apr 19 - With the battery market in the slack season at present, the demand for lead ingot is weak and the prices fluctuate at a low level.Asian Metal Copyright With an annual production capacity of 150,000t for lead ingot, the producer produced about 10,500t in March and expects the same amount in April, holding about 300t of stocks at present.Asian Metal Copyright On Tuesday, mainstream prices for Chinese lead ingot 99.994%min were RMB16,800-17,000/t (USD2,503-2,531/t), down by RMB50/t (USD7.45/t) from Monday.Asian Metal Copyright A producer in North China said that due to the weak demand, their offer for lead ingot 99.Asian Metal Copyright Downstream consumers are generally pessimistic about the future market and most of them purchase on urgent demand.Asian Metal Copyright994%min at RMB16,850t USD2,509t, down by RMB50t USD7.Asian Metal Copyright It is expected that prices for lead ingot would continue to drop slightly in the coming week.

A producer in North China said that due to the weak demand, their offer for lead ingot 99.994%min was RMB50/t (USD7.45/t) lower than the average price for the material in the spot market this week.Asian Metal Copyright On Tuesday, they purchased about 50t of lead ingot 99.Asian Metal Copyright On Tuesday, they sold about 200t of lead ingot 99.994%min at RMB16,850/t (USD2,509/t), down by RMB50/t (USD7.45/t) from Monday when selling the same volume.Asian Metal CopyrightBEIJING Asian Metal 10 Apr 19 - With the battery market in the slack season at present, the demand for lead ingot is weak and the prices fluctuate at a low level.Asian Metal Copyright "At present, downstream customers' demand is weak and we have to offer with contango," the source said, indicating that downstream consumption would be difficult to improve in April.Asian Metal Copyright A consumer in Northeast China indicated that it's in the off season of the industry now with only a few orders for batteries.Asian Metal Copyright It is expected that prices for lead ingot would continue to drop slightly in the coming week.

With an annual production capacity of 150,000t for lead ingot, the producer produced about 10,500t in March and expects the same amount in April, holding about 300t of stocks at present.

A consumer in Northeast China indicated that it's in the off season of the industry now with only a few orders for batteries. So their operating rate is only about 50%.Asian Metal Copyright Downstream consumers are generally pessimistic about the future market and most of them purchase on urgent demand.Asian Metal Copyright On Tuesday, they purchased about 50t of lead ingot 99.994%min at RMB16,850/t (USD2,509/t), while purchased the same amount of the material at RMB16,900/t (USD2,516/t) on Monday.Asian Metal Copyright .Asian Metal Copyright "The consumption is weak now and we expect that it still has space for lead ingot prices to fall, so we purchase from hand to mouth at present," the source said. It is expected that prices for lead ingot would fall about RMB50/t (USD7.45/t) in the coming week.

With an annual consumption capacity of 25,000t for lead ingot, the consumer consumed about 1,000t in March and expects the same amount in April, holding only about 100t of stocks at present.

.Asian Metal Copyright With an annual consumption capacity of 25,000t for lead ingot, the consumer consumed about 1,000t in March and expects the same amount in April, holding only about 100t of stocks at present.Asian Metal Copyright