Chinese lead ingot market hold positive attitudes
2024-03-11 08:33:57 [Print]
BEIJING (Asian Metal) 11 Mar 24 – Most Chinese lead ingot market participants hold positive attitudes towards lead ingot market and anticipate that the mainstream prices of Chinese lead ingot would edge up in the coming week. The current mainstream prices of Chinese lead ingot 99.994%min stand at RMB15,800-16,000/t (USD2,226-2,254/t) EXW D/P, up by about RMB50/t (USD6.9/t) from yesterday.
A trader in Tianjin noted that they quoted RMB16,000/t (USD2,219/t) D/P Tianjin warehouse for lead ingot 99.994%min with no concessions, while they could accept prices no less than RMB15,950/t (USD2,212/t) yesterday. "We sold about 500t at RMB16,000/t (USD2,219/t) today and sold about 300t at RMB15,950/t (USD2,212/t) yesterday. They predict that the mainstream prices of Chinese lead ingot would edge up further in the coming week considering positive attitudes from most market participants.
On basis of a regular monthly trading volume about 15,000t of lead ingot, the trader would sell about 10,000t in March, up by about 3,000t from last month. They sold about 20,000t in the first two months in 2024 and about 1500,000t in 2023. They hold no stocks presently, identical to late last month.
"We quoted about RMB15,900/t (USD2,205/t) for lead ingot 99.994%min today and we would like to sell at RMB15,850/t (USD2,198/t) yesterday", another trader in Guangzhou noted. They sold about 100t at RMB15,900/t (USD2,205/t) today and sold about 60t at RMB15,850/t (USD2,198/t) yesterday. Considering that most of their clients send inquiries actively today as prices increased, they predict that the mainstream prices of Chinese lead ingot would edge up in the week to come.
With a typical monthly trading volume of about 2,000t of lead ingot, the trader would sell about 2,000t in March, up by about 1,000t from last month. They hold no stocks, unchanged MoM.
A trader in Tianjin noted that they quoted RMB16,000/t (USD2,219/t) D/P Tianjin warehouse for lead ingot 99.994%min with no concessions, while they could accept prices no less than RMB15,950/t (USD2,212/t) yesterday. "We sold about 500t at RMB16,000/t (USD2,219/t) today and sold about 300t at RMB15,950/t (USD2,212/t) yesterday. They predict that the mainstream prices of Chinese lead ingot would edge up further in the coming week considering positive attitudes from most market participants.
On basis of a regular monthly trading volume about 15,000t of lead ingot, the trader would sell about 10,000t in March, up by about 3,000t from last month. They sold about 20,000t in the first two months in 2024 and about 1500,000t in 2023. They hold no stocks presently, identical to late last month.
"We quoted about RMB15,900/t (USD2,205/t) for lead ingot 99.994%min today and we would like to sell at RMB15,850/t (USD2,198/t) yesterday", another trader in Guangzhou noted. They sold about 100t at RMB15,900/t (USD2,205/t) today and sold about 60t at RMB15,850/t (USD2,198/t) yesterday. Considering that most of their clients send inquiries actively today as prices increased, they predict that the mainstream prices of Chinese lead ingot would edge up in the week to come.
With a typical monthly trading volume of about 2,000t of lead ingot, the trader would sell about 2,000t in March, up by about 1,000t from last month. They hold no stocks, unchanged MoM.
