Chinese lead ingot to edge up
2024-03-06 08:40:06 [Print]
BEIJING (Asian Metal) 6 Mar 24 – Most end users resumed production gradually in the past two weeks and purchased regularly at the moment. The current mainstream prices of Chinese lead ingot 99.994%min stand at RMB15,650-15,850/t (USD2,171-2,198/t) EXW D/P, stable from late last week. Insiders predict that the mainstream prices of Chinese lead ingot would edge up in the coming week considering the positive attitudes from most market participants.
"We quoted RMB15,835/t (USD2,198/t) for lead ingot 99.994%min today with no concessions, almost identical to yesterday", a producer from Shandong noted. They sold about 1,000t at RMB15,835/t (USD2,198/t) today and sold about the same volume at the same price yesterday. Most end users resumed production gradually in the past two weeks. They predict that the mainstream prices of Chinese lead ingot would edge up in the coming week considering the positive attitudes from most market participants.
The producer, with an annual production capacity of 100,000t of lead ingot, plans to produce about 8,700t in March, up by about 100t from last month. They hold no stocks at the moment, unchanged MoM.
A trader from Tianjin noted that they would like to sell lead ingot 99.994%min at RMB15,815/t (USD2,193/t) D/P in warehouse Tianjin today, and could accept prices no less than RMB15,775/t (USD2,188/t) for orders over 100t, almost stable from yesterday. "We only sold about 30t at RMB15,815/t (USD2,193/t) today, but sold about 200t at RMB15,775/t (USD2,188/t) today, we sold about 30t at RMB15,815/t (USD2,193/t) yesterday", said the trader, who predicts that the mainstream prices of Chinese lead ingot would edge up in the coming week given the positive attitudes from most market participants.
On basis of a regular monthly trading volume of 3,000t of lead ingot, the trader would sell about 3,000t in March, in line with last month. They hold about 1,000t of inventories at present, unchanged MoM.
"We quoted RMB15,835/t (USD2,198/t) for lead ingot 99.994%min today with no concessions, almost identical to yesterday", a producer from Shandong noted. They sold about 1,000t at RMB15,835/t (USD2,198/t) today and sold about the same volume at the same price yesterday. Most end users resumed production gradually in the past two weeks. They predict that the mainstream prices of Chinese lead ingot would edge up in the coming week considering the positive attitudes from most market participants.
The producer, with an annual production capacity of 100,000t of lead ingot, plans to produce about 8,700t in March, up by about 100t from last month. They hold no stocks at the moment, unchanged MoM.
A trader from Tianjin noted that they would like to sell lead ingot 99.994%min at RMB15,815/t (USD2,193/t) D/P in warehouse Tianjin today, and could accept prices no less than RMB15,775/t (USD2,188/t) for orders over 100t, almost stable from yesterday. "We only sold about 30t at RMB15,815/t (USD2,193/t) today, but sold about 200t at RMB15,775/t (USD2,188/t) today, we sold about 30t at RMB15,815/t (USD2,193/t) yesterday", said the trader, who predicts that the mainstream prices of Chinese lead ingot would edge up in the coming week given the positive attitudes from most market participants.
On basis of a regular monthly trading volume of 3,000t of lead ingot, the trader would sell about 3,000t in March, in line with last month. They hold about 1,000t of inventories at present, unchanged MoM.
