Price trend
On October 9th, the quotation range for lead ingot 1 in the domestic spot lead market is around 16,500-16,600 RMB/ton, with an average price of 16,550 RMB/ton, an increase of 125 RMB/ton compared to the previous trading day.
Analysis review
In the early morning trading, Shanghai lead rose again, and the spot market followed the upward trend. The recent high lead prices have suppressed the willingness of some downstream enterprises to restock. The prices of recycled lead and primary lead have consolidated at high levels, leading to an increase in enterprise costs. Recently, it is difficult to increase the operating rate, and the overall performance is not strong during the peak season.
Market outlook
Lead prices will fluctuate at high levels in the near future.
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