Chinese lead ingot market holds positive attitudes
2024-04-09 08:33:27 [Print]
BEIJING (Asian Metal) 9 Apr 24 – Despite most buyers hold back from purchasing due to high prices, most market participants still hold positive attitudes. Therefore, insiders predict that the mainstream prices of Chinese lead ingot would edge up further within this week. The current mainstream prices of Chinese lead ingot 99.994%min stand at RMB16,300-16,400/t (USD2,248-2,262/t) EXW D/P, up by about RMB150/t (USD21/t) from last Wednesday.
A producer in Henan notes that they quote RMB16,400/t (USD2,262/t) for lead ingot 99.994%min today and would like to sell at RMB16,350/t (USD2,255/t) for orders over 100t, while they did not offer yesterday. "We only sell about 60t at RMB16,400/t (USD2,262/t) today", complains the producer, who sold at least about 200tpd last month. Though most buyers hold back from purchasing under high prices, they predict that the mainstream prices of Chinese lead ingot would edge up further within this week considering positive attitudes from most market participants.
The producer, with an annual production capacity of 550,000t of lead ingot, would produce about 45,000t in March, almost on par with last month. They achieved an output of about 135,000t in Q1 2024 and about 445,000t in 2023. They hold no stocks presently, unchanged MoM.
"We quoted RMB16,370/t (USD2,258/t) D/P in warehouse Shanghai for lead ingot 99.994%min today, but we did not quote yesterday", a trader in Shanghai mentions. They do not close any deals today due to high prices, while they could sell about 30-60tpd last week. Despite most buyers hold watchful attitudes, most market participants hold bullish attitudes towards lead ingot market. Therefore, they predict that the mainstream prices of Chinese lead ingot would go up further within this week.
On basis of a regular monthly trading volume about 500t of lead ingot, the trader would sell about 400t in April, almost identical to last month. They hold no stocks presently.
A producer in Henan notes that they quote RMB16,400/t (USD2,262/t) for lead ingot 99.994%min today and would like to sell at RMB16,350/t (USD2,255/t) for orders over 100t, while they did not offer yesterday. "We only sell about 60t at RMB16,400/t (USD2,262/t) today", complains the producer, who sold at least about 200tpd last month. Though most buyers hold back from purchasing under high prices, they predict that the mainstream prices of Chinese lead ingot would edge up further within this week considering positive attitudes from most market participants.
The producer, with an annual production capacity of 550,000t of lead ingot, would produce about 45,000t in March, almost on par with last month. They achieved an output of about 135,000t in Q1 2024 and about 445,000t in 2023. They hold no stocks presently, unchanged MoM.
"We quoted RMB16,370/t (USD2,258/t) D/P in warehouse Shanghai for lead ingot 99.994%min today, but we did not quote yesterday", a trader in Shanghai mentions. They do not close any deals today due to high prices, while they could sell about 30-60tpd last week. Despite most buyers hold watchful attitudes, most market participants hold bullish attitudes towards lead ingot market. Therefore, they predict that the mainstream prices of Chinese lead ingot would go up further within this week.
On basis of a regular monthly trading volume about 500t of lead ingot, the trader would sell about 400t in April, almost identical to last month. They hold no stocks presently.
