Chinese lead ingot prices to edge down
2024-03-18 08:06:39 [Print]
BEIJING (Asian Metal) 18 Mar 24 – Most lead ingot buyers purchased actively in the past week. Insiders predict that the mainstream prices of Chinese lead ingot would edge down in the coming week after delivery to the future market. The current mainstream prices of Chinese lead ingot 99.994%min stand at RMB16,000-16,200/t (USD2,219-2,247/t) EXW D/P, stable from yesterday.
"We quoted RMB16,100/t (USD2,233/t) EXW D/P for lead ingot 99.994%min today with no concessions, stable from yesterday", a producer in Henan disclosed. They sold about 60t at RMB16,100/t (USD2,233/t) today and sold about 200t at the same price yesterday. They predict that the mainstream prices of Chinese lead ingot would edge down in the coming week considering that most buyers would hold back from purchasing after delivery to further market.
The producer, with an annual production capacity of 40,000t of lead ingot, plans to produce about 2,000t in March, up by about 800t from last month. They produced about 20,000t in 2023 due to tight supply of raw material. They hold no stocks at the moment, stable MoM.
Another producer in Henan noted that they would like to sell lead ingot 99.994%min at RMB16,200/t (USD2,247/t) EXW D/P for today, while they refused prices lower than RMB16,230/t (USD2,251/t) yesterday. "We sold about 300t at RMB16,200/t (USD2,247/t) today and sold about the same quantity at RMB16,230/t (USD2,251/t) yesterday" said the producer, who anticipates that the mainstream prices of Chinese lead ingot would edge down in the coming week.
On basis of a production capacity of 150,000tpy of lead ingot, the producer would produce about 9,000t in March, up by about 600t from last month. They produced about 112,000t in 2023. They hold no stocks at the moment, in line with late last month.
"We quoted RMB16,100/t (USD2,233/t) EXW D/P for lead ingot 99.994%min today with no concessions, stable from yesterday", a producer in Henan disclosed. They sold about 60t at RMB16,100/t (USD2,233/t) today and sold about 200t at the same price yesterday. They predict that the mainstream prices of Chinese lead ingot would edge down in the coming week considering that most buyers would hold back from purchasing after delivery to further market.
The producer, with an annual production capacity of 40,000t of lead ingot, plans to produce about 2,000t in March, up by about 800t from last month. They produced about 20,000t in 2023 due to tight supply of raw material. They hold no stocks at the moment, stable MoM.
Another producer in Henan noted that they would like to sell lead ingot 99.994%min at RMB16,200/t (USD2,247/t) EXW D/P for today, while they refused prices lower than RMB16,230/t (USD2,251/t) yesterday. "We sold about 300t at RMB16,200/t (USD2,247/t) today and sold about the same quantity at RMB16,230/t (USD2,251/t) yesterday" said the producer, who anticipates that the mainstream prices of Chinese lead ingot would edge down in the coming week.
On basis of a production capacity of 150,000tpy of lead ingot, the producer would produce about 9,000t in March, up by about 600t from last month. They produced about 112,000t in 2023. They hold no stocks at the moment, in line with late last month.
