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Demand for Chinese lead ingot weak

2019-04-18 14:39:37  【Print】
BEIJING (Asian Metal) 18 Apr 19 - At present, downstream battery market is still in its off-season, demand for lead ingot remains weak and prices for lead ingot fluctuate at low levels.Asian Metal Copyright" the source said.Asian Metal Copyright On Wednesday, mainstream prices for Chinese lead ingot 99.994%min were RMB16,450-16,650/t (USD2,458-2,488/t), stable from Tuesday.Asian Metal Copyright With a regular monthly trade volume of 30,000t for lead ingot, the trader transacted about 25,000t in March and expects stable sales in April, holding about 2,000t of stocks at present.Asian Metal Copyright Due to the formal implementation of new national standard about electric bicycles this week, the demand for lead ingot tended to decline, so prices for lead ingot are expected to continue to fluctuate at low levels.

A producer in East China said, on Wednesday, they offered RMB16,550/t (USD2,473/t) for lead ingot 99.994%min, but no deal was concluded. They sold about 50t of the material at RMB16,525/t (USD2,469/t) on Tuesday.Asian Metal Copyright They sold about 50t of the material at RMB16,525t USD2,469t on Tuesday.Asian Metal Copyright "It's the off-season of battery market and the demand for lead ingot from battery plants is weak. We mainly transacted through long-term contracts with few deals closed in the spot market," he said, indicating that the demand for lead ingot would be difficult to improve in the short term and prices for lead ingot are expected to fluctuate around RMB16,500/t (USD2,465/t) in the coming week.

With an annual production capacity of 80,000t for lead ingot, the producer produced about 5,500t in March and expects a stable output in April, holding no stock at present.

A trader in East China said, due to the weak demand for lead ingot, their daily transaction volume of lead ingot is only about two-thirds of the normal volume. On Wednesday, they sold about 1,000t of lead ingot 99.994%min at RMB16,500/t (USD2,465/t), unchanged from Tuesday when they sold the same volume of the material.Asian Metal Copyright "It's the off-season of battery market and the demand for lead ingot from battery plants is weak.Asian Metal Copyright "At present, battery consumption is sluggish, and battery plants are not active to purchase and only purchase from hand to mouth.Asian Metal CopyrightBEIJING Asian Metal 18 Apr 19 - At present, downstream battery market is still in its off-season, demand for lead ingot remains weak and prices for lead ingot fluctuate at low levels.Asian Metal Copyright Prices for lead ingot are expected to continue to fluctuate at low levels in the coming week.Asian Metal Copyright On Wednesday, mainstream prices for Chinese lead ingot 99.Asian Metal Copyright" the source said.

With a regular monthly trade volume of 30,000t for lead ingot, the trader transacted about 25,000t in March and expects stable sales in April, holding about 2,000t of stocks at present.

.Asian Metal Copyright" the source said.Asian Metal Copyright