Chinese lead ingot prices flat
2023-03-10 08:30:05 [Print]
BEIJING (Asian Metal) 10 Mar 23 - Most suppliers of lead ingot 99.994%min held their prices firm today due to stable consumption from downstream clients. The current mainstream prices of lead ingot 99.994%min stand at RMB14,940-15,140/t (USD2,154-2,183/t) In warehouse Shanghai today, in line with yesterday. Insiders believe that prices of lead ingot 99.994%min would keep flat in the following days in view of stable consumption.
"We quoted about RMB15,000/t (USD2,163/t) EXW 10% down for lead ingot 99.994%min with no more concession today but failed to close any deal due to no firm bid," a trader in Tianjin disclosed. While they sold around 100t at such price and refused any lower price yesterday. In fact, they held back from selling as they had a confidence to the market. They stated that thanks to their flexible payment methods, their sales volume kept stable in general during the past week and they predicted that prices of lead ingot 99.994%min would level off this week.
Based on a typical monthly trading volume of 1,500t of lead ingot 99.994%min, they plan to sell about 1,500t this month, unchanged from last month. Currently, they hold an inventory of 1,500t.
A Henan-based producer claimed, "We kept our price unchanged for these two days and offered around RMB15,050/t (USD2,170/t) EXW 100% down for lead ingot 99.994%min with a concession of RBM20/t(USD2.88/t) if clients purchased more than 500t once and we sold about 200t at around RMB15,050/t (USD2,170/t) today". While they sold about 800t and at around RMB15,030/t (USD2,167/t) and refused any lower price yesterday. Due to low profits, they didn't intend to decline the prices and predicted that prices of lead ingot 99.994%min might remain steady as the following days.
The producer, with an annual production capacity of 500,000t of lead ingot 99.994%min, they predict to produce about 20,000t this month, unchanged from last month, holding an inventory of 2,000t at this moment.
"We quoted about RMB15,000/t (USD2,163/t) EXW 10% down for lead ingot 99.994%min with no more concession today but failed to close any deal due to no firm bid," a trader in Tianjin disclosed. While they sold around 100t at such price and refused any lower price yesterday. In fact, they held back from selling as they had a confidence to the market. They stated that thanks to their flexible payment methods, their sales volume kept stable in general during the past week and they predicted that prices of lead ingot 99.994%min would level off this week.
Based on a typical monthly trading volume of 1,500t of lead ingot 99.994%min, they plan to sell about 1,500t this month, unchanged from last month. Currently, they hold an inventory of 1,500t.
A Henan-based producer claimed, "We kept our price unchanged for these two days and offered around RMB15,050/t (USD2,170/t) EXW 100% down for lead ingot 99.994%min with a concession of RBM20/t(USD2.88/t) if clients purchased more than 500t once and we sold about 200t at around RMB15,050/t (USD2,170/t) today". While they sold about 800t and at around RMB15,030/t (USD2,167/t) and refused any lower price yesterday. Due to low profits, they didn't intend to decline the prices and predicted that prices of lead ingot 99.994%min might remain steady as the following days.
The producer, with an annual production capacity of 500,000t of lead ingot 99.994%min, they predict to produce about 20,000t this month, unchanged from last month, holding an inventory of 2,000t at this moment.
