Chinese lead ingot buyers hold watchful attitudes
2024-04-23 08:33:23 [Print]
BEIJING (Asian Metal) 23 Apr 24 - As most lead ingot buyers hold back from purchasing due to high prices and weak demand from downstream, Chinese lead ingot market sees sparse deals. The current mainstream prices of Chinese lead ingot 99.994%min stand at RMB16,750-16,950/t (USD2,310-2,338/t) D/P in Shanghai warehouse, stable from last Friday. Despite the watchful attitudes from most buyers, most market participants still hold positive attitudes. Therefore, insiders predict that the mainstream prices of Chinese lead ingot would edge up within this week.
"We quotes RMB17,050/t (USD2,352/t) EXW D/P for lead ingot 99.994%min with no concessions today, stable from last Friday", a trader in Tianjin noted. They only sold about 30t at RMB17,050/t (USD2,352/t) today and sold about 60t at the same price last Friday, while they could sell at least 100tpd regularly. "As most buyers hold back from purchasing due to high level of prices, our sales volume would decrease to about 1,000t in April", complained the trader, who predicts that the mainstream prices of Chinese lead ingot would edge up within this week as they hold positive attitudes towards lead ingot market.
The trader, with a regular monthly sales volume about 4,000t of lead ingot, would sell about 1,000t in April, down by about 1,000t from March. They sold about 40,000t in 2023 and sold almost 1,000t so far in 2024. They hold about 200t of inventories at the moment, unchanged MoM.
Another trader in Guangdong mentions that they quote RMB16,925/t (USD2,334/t) EXW D/P for lead ingot 99.994%min without any counteroffers today, almost on par with last Friday, "We do not close any deals this morning as most buyers hold watchful attitudes, while we sold about 150t at RMB16,925/t (USD2,334/t) last Friday", said the trader, who still holds positive attitudes and anticipates that the mainstream prices of Chinese lead ingot would edge up within this week.
Based on a regular monthly trading volume about 3,000t of lead ingot, the trader would sell about 2,000t this month, in line with last month. They hold no inventories presently, unchanged MoM.
"We quotes RMB17,050/t (USD2,352/t) EXW D/P for lead ingot 99.994%min with no concessions today, stable from last Friday", a trader in Tianjin noted. They only sold about 30t at RMB17,050/t (USD2,352/t) today and sold about 60t at the same price last Friday, while they could sell at least 100tpd regularly. "As most buyers hold back from purchasing due to high level of prices, our sales volume would decrease to about 1,000t in April", complained the trader, who predicts that the mainstream prices of Chinese lead ingot would edge up within this week as they hold positive attitudes towards lead ingot market.
The trader, with a regular monthly sales volume about 4,000t of lead ingot, would sell about 1,000t in April, down by about 1,000t from March. They sold about 40,000t in 2023 and sold almost 1,000t so far in 2024. They hold about 200t of inventories at the moment, unchanged MoM.
Another trader in Guangdong mentions that they quote RMB16,925/t (USD2,334/t) EXW D/P for lead ingot 99.994%min without any counteroffers today, almost on par with last Friday, "We do not close any deals this morning as most buyers hold watchful attitudes, while we sold about 150t at RMB16,925/t (USD2,334/t) last Friday", said the trader, who still holds positive attitudes and anticipates that the mainstream prices of Chinese lead ingot would edge up within this week.
Based on a regular monthly trading volume about 3,000t of lead ingot, the trader would sell about 2,000t this month, in line with last month. They hold no inventories presently, unchanged MoM.
