Chinese lead ingot market sees stable transactions
2023-03-02 08:29:54 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Chinese lead ingot producers sold the spot goods normally and the market saw relatively stable transactions during the past week
A Shannxi-based producer announced, "We maintain steady production to meet the orders we received". They could consider accepting the price as low as RMB15,050/t (USD2,179/t) EXW 100% down for lead ingot 99 . 994%min but failed to close any deal due to no stock in hand. While they sold around 100t at RMB15,100/t (USD2,186/t) with no more bargaining yesterday . They added that although the supply of lead ingot would expand as most producers increased the operation rates gradually, they predict that prices of lead ingot 99 . 994%min would level off as the following days driven by stable transactions.
The producer, based on a production capacity of 50,000tpy of lead ingot 99.994%min, they estimated to produce about 3,100t this month, up by 3,000t from February . Currently, they hold no stock in hand.
"Our sales volume remained flat during the past week. We have a regular client in Jiangsu who purchased about 300t of lead ingot every week," another producer in Liaoning stated. They offered about RMB15,100/t (USD2,186/t) EXW 100% down for lead ingot 99 . 994%min without concession today and sold about 300t at such price. While they sold around 200t at RMB15,150/t (USD2,194/t) and refused any lower price yesterday . As the demand of downstream clients remained steady, they predicted that prices of lead ingot 99 . 994%min might unchanged this week.
With an annual production capacity of 30,000t of lead ingot 99.994%min, they would plan to produce about 2,300t in March, up by 300t from last month, holding an inventory of 300t currently.
. The current mainstream prices of lead ingot 99.994%min stand at RMB15,020-15,220/t (USD2,164-2,193/t) In warehouse Shanghai, down by RMB50/t (USD7.2/t) from yesterday . Given the stable consumption from downstream clients, transactions of lead ingot kept flat during the past week, insiders predicted that prices of lead ingot 99 . 994%min would keep firmed in the coming two days.
A Shannxi-based producer announced, "We maintain steady production to meet the orders we received". They could consider accepting the price as low as RMB15,050/t (USD2,179/t) EXW 100% down for lead ingot 99 . 994%min but failed to close any deal due to no stock in hand. While they sold around 100t at RMB15,100/t (USD2,186/t) with no more bargaining yesterday . They added that although the supply of lead ingot would expand as most producers increased the operation rates gradually, they predict that prices of lead ingot 99 . 994%min would level off as the following days driven by stable transactions.
The producer, based on a production capacity of 50,000tpy of lead ingot 99.994%min, they estimated to produce about 3,100t this month, up by 3,000t from February . Currently, they hold no stock in hand.
"Our sales volume remained flat during the past week. We have a regular client in Jiangsu who purchased about 300t of lead ingot every week," another producer in Liaoning stated. They offered about RMB15,100/t (USD2,186/t) EXW 100% down for lead ingot 99 . 994%min without concession today and sold about 300t at such price. While they sold around 200t at RMB15,150/t (USD2,194/t) and refused any lower price yesterday . As the demand of downstream clients remained steady, they predicted that prices of lead ingot 99 . 994%min might unchanged this week.
With an annual production capacity of 30,000t of lead ingot 99.994%min, they would plan to produce about 2,300t in March, up by 300t from last month, holding an inventory of 300t currently.