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Chinese secondary lead 98%min supply tight

2019-04-26 13:01:30   【Print】
BEIJING (Asian Metal) 26 Apr 19 - Lead ingot prices were at low levels while those for raw material waste battery were still firm, so secondary lead 98%min producers mainly earned thin profit or even got losses and some of them cut or suspended production, leading to tight supply in the market. Mainstream prices for secondary lead ingot 98%min stand at RMB16,025-16,225/t (USD2,381-2,411/t) Inc-VAT EXW in China now, up by RMB75/t (USD11.14/t) from Wednesday.Asian Metal Copyright Mainstream prices for secondary lead ingot 98%min stand at RMB16,025-16,225t USD2,381-2,411t Inc-VAT EXW in China now, up by RMB75t USD11.Asian Metal Copyright Secondary lead 98%min prices are expected to go up slightly in the coming week.

A consumer in North China explained, "It is hard for us to purchase secondary lead 98%min as upstream cooperative companies reduced production due to suffering losses. Besides, the demand from downstream market is dim, so we only keep the operating rate at 50% now." They purchased 100t of the material at RMB14,950/t (USD2,222/t) Ex-VAT on Thursday, up by RMB75/t (USD11.14/t) from Wednesday when buying about 100t of the material. Secondary lead 98%min prices are expected to rise by about RMB50/t (USD7.43/t) in the coming week.

With an annual consumption capacity of 50,000t for secondary lead 98%min, the company used 3,000t in March, and expects to use about 2,000t in April, holding 200t of stocks now.

Another consumer in North China confirmed the tight supply of secondary lead 98%min. "Secondary lead 98%min producers hold back from selling at low prices now, so it is hard for us to make purchases and we only run with operating rate of less than 50%," the source noted. They purchased 100t of secondary lead 98%min at RMB16,100/t (USD2,392/t) Inc-VAT on Thursday, while they bought the same volume of 100t at RMB16,025/t (USD2,381/t) Inc-VAT on Wednesday.Asian Metal Copyright A consumer in North China explained, "It is hard for us to purchase secondary lead 98%min as upstream cooperative companies reduced production due to suffering losses.Asian Metal Copyright Secondary lead 98%min prices are expected to go up slightly in the coming week.

With an annual consumption capacity of 100,000t for secondary lead 98%min, the company used 3,000t in March, and expects to use the same volume in April, holding 300t of stocks now.

.Asian Metal Copyright14t from Wednesday when buying about 100t of the material.Asian Metal Copyright