Monthly Lead Market Report Jun 2021
2021-07-15 14:42:10 【Print】
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In June, prices of lead ingot soften as the supply of lead concentrate kept tight and consumers remained watchful attitudes to the market outlook. The supply of lead ingot went up as the downstream consumption remained weak and some smelters resumed production with the environmental protection inspection team leaving. The market witnessed stable consumption as consumers tended to purchase from hand to mouth.
In June, some mines in South China reduced output as they stayed under electricity control and the 100th anniversary of Chinese Communist Party. At the same time, imported lead concentrate stayed limited as the government didn't announce the import quota.
Prices of secondary lead went down with fluctuation in general following the prices of lead ingot. The supply of secondary lead in the market increased significantly in some provinces as the environmental protection inspection team left. The spot market saw limited deals as consumer hold wait-and-see attitudes to the market outlook while suppliers burden firm costs of raw material and stayed reluctant to sell at low prices.
In June, some mines in South China reduced output as they stayed under electricity control and the 100th anniversary of Chinese Communist Party. At the same time, imported lead concentrate stayed limited as the government didn't announce the import quota.
Prices of secondary lead went down with fluctuation in general following the prices of lead ingot. The supply of secondary lead in the market increased significantly in some provinces as the environmental protection inspection team left. The spot market saw limited deals as consumer hold wait-and-see attitudes to the market outlook while suppliers burden firm costs of raw material and stayed reluctant to sell at low prices.
