Chinese lead ingot market sees decreasing transactions
2024-04-28 11:12:47 [Print]
BEIJING (Asian Metal) 28 Apr 24 - As downstream demand was soft while suppliers kept prices firm due to high costs, the Chinese lead ingot market saw limited deals over the past week. The current mainstream prices of Chinese lead ingot 99.994%min stay at RMB16,700-16,900/t (USD2,305-2,332/t) in warehouse Guangzhou, up by RMB50/t (USD6.90/t) from yesterday.
A producer in Jiangxi revealed that they received no enquiries today and have concluded no deals for two consecutive days, while they sold 300t at RMB16,950/t (USD2,339/t) this Wednesday. "Yesterday we quoted lead ingot at RMB17,000/t (USD2,346/t) EXW D/P and received an enquiry from a consumer who intended to buy at RMB16,800/t (USD2,318/t). But in view of tight raw material supply and high costs, we were unwilling to make concessions in prices and therefore refused to sell. Today we received even no enquiries. With the May Day holiday approaching, our downstream clients are expected to take leave for two to five days, so they have limited demand for replenishing raw materials before the holiday," the producer said.
With an annual production capacity of 90,000t of lead ingot, the producer produced 7,500t in April, unchanged from last month, and holds 300t of stock at the moment, down by 100t from last month.
A producer in Shaanxi said, "Now we quote lead ingot at RMB16,500/t (USD2,277/t) EXW D/P with no counteroffers to be accepted. Today we sold around 80t and yesterday sold 60t at RMB16,450/t (USD2,270/t)." He added that last week his single-order volumes stabilized at 200-300t, but now downstream demand is soft and this week he concluded only three orders with each order at small quantities.
With an annual production capacity of 50,000t of lead ingot, the producer produced 3,000t in April, unchanged from last month, and holds no stock at the moment.
A producer in Jiangxi revealed that they received no enquiries today and have concluded no deals for two consecutive days, while they sold 300t at RMB16,950/t (USD2,339/t) this Wednesday. "Yesterday we quoted lead ingot at RMB17,000/t (USD2,346/t) EXW D/P and received an enquiry from a consumer who intended to buy at RMB16,800/t (USD2,318/t). But in view of tight raw material supply and high costs, we were unwilling to make concessions in prices and therefore refused to sell. Today we received even no enquiries. With the May Day holiday approaching, our downstream clients are expected to take leave for two to five days, so they have limited demand for replenishing raw materials before the holiday," the producer said.
With an annual production capacity of 90,000t of lead ingot, the producer produced 7,500t in April, unchanged from last month, and holds 300t of stock at the moment, down by 100t from last month.
A producer in Shaanxi said, "Now we quote lead ingot at RMB16,500/t (USD2,277/t) EXW D/P with no counteroffers to be accepted. Today we sold around 80t and yesterday sold 60t at RMB16,450/t (USD2,270/t)." He added that last week his single-order volumes stabilized at 200-300t, but now downstream demand is soft and this week he concluded only three orders with each order at small quantities.
With an annual production capacity of 50,000t of lead ingot, the producer produced 3,000t in April, unchanged from last month, and holds no stock at the moment.
