SunSirs: The Downstream Was in the Off-season, and the Lead Price Fluctuated On June 15
June 16 2022 10:22:09 SunSirs (John)
Price trend
On June 15, the quotation range of 1# lead ingots in the domestic spot lead market was around 14,750-14,850 RMB/ton, with an average price of 14,800 RMB/ton, down 50 RMB/ton from the previous trading day.
Analysis review
The market was in the off-season recently, and the lead price mainly followed the fluctuation of the futures market, and the overall fluctuation closely followed the trend of lead futures on the Shanghai Futures Exchange.
Overall, the fundamentals of lead had not changed much. Downstream battery companies were still in the seasonal off-season, the overall start-up was average, the company's inventory was high, and the sales situation was average. Under the background of the off-season, the demand for raw material procurement was low, the support for lead ingots was limited, and lead prices were under pressure.
Market outlook
It is expected that in the short term, lead prices will maintain a range-bound trend, focusing on the recovery of downstream demand.
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