Chinese lead ingot prices remain firm
2024-04-26 10:39:20 [Print]
BEIJING (Asian Metal) 26 Apr 24 - Despite weak downstream demand, most suppliers currently hold lead ingot prices firm due to tight raw material supply and low lead ingot inventories. The current mainstream prices of Chinese lead ingot 99.994%min stay at RMB16,650-16,850/t (USD2,300-2,327/t) in warehouse Guangzhou, unchanged from yesterday. Insiders predict that the prices of Chinese lead ingot would remain firm in the coming week.
A producer from Guangxi revealed that their quotation for lead ingot today is RMB16,750/t (USD2,314/t) EXW D/P and they received a small number of inquiries at the range of RMB16,650-16,700/t (USD2,300-2,307/t). "Due to the shortage of raw materials in the past three days, we did not produce. The latest deal happened on Monday, when we sold 300t at a price of RMB16,700/t (USD2,307/t)", the producer said, adding that they have no inventory presently. They estimate that the prices of Chinese lead ingot might keep firm in the following week.
With an annual production capacity of 200,000t of lead ingot, the company may produce 8,000t in April, down by 2,000t from last month, and holds no stock at the moment, the same as late last month.
A producer from Henan pointed out: "Our quotation today for lead ingot stands at RMB16,700/t (USD2,307/t) EXW D/P and a client made an inquiry of RMB16,600/t (USD2,293/t) and closed the final deal at RMB16,670/t (USD2,303/t) since the other party purchased 2,000t. Yesterday we offered RMB16,700/t (USD2,307/t) and sold 400t at this price", adding also that they currently have no inventory, and expects that the prices of Chinese lead ingot would remain strong in the upcoming week.
Based on an annual production capacity of 150,000t of lead ingot, the company will produce around 9,000t in April, basically on par with last month, and holds no inventory for the moment, in line with last month.
A producer from Guangxi revealed that their quotation for lead ingot today is RMB16,750/t (USD2,314/t) EXW D/P and they received a small number of inquiries at the range of RMB16,650-16,700/t (USD2,300-2,307/t). "Due to the shortage of raw materials in the past three days, we did not produce. The latest deal happened on Monday, when we sold 300t at a price of RMB16,700/t (USD2,307/t)", the producer said, adding that they have no inventory presently. They estimate that the prices of Chinese lead ingot might keep firm in the following week.
With an annual production capacity of 200,000t of lead ingot, the company may produce 8,000t in April, down by 2,000t from last month, and holds no stock at the moment, the same as late last month.
A producer from Henan pointed out: "Our quotation today for lead ingot stands at RMB16,700/t (USD2,307/t) EXW D/P and a client made an inquiry of RMB16,600/t (USD2,293/t) and closed the final deal at RMB16,670/t (USD2,303/t) since the other party purchased 2,000t. Yesterday we offered RMB16,700/t (USD2,307/t) and sold 400t at this price", adding also that they currently have no inventory, and expects that the prices of Chinese lead ingot would remain strong in the upcoming week.
Based on an annual production capacity of 150,000t of lead ingot, the company will produce around 9,000t in April, basically on par with last month, and holds no inventory for the moment, in line with last month.
