Price trend

According to the monitoring of the commodity market analysis system of SunSirs, as of June 27th, the price of lead 1 # was 17,058 RMB/ton, an increase of 1.60% compared to the lead price of 16,790 RMB/ton on June 23rd.

Last week's market analysis

Last week, some refineries started maintenance of primary lead, resulting in reduced supply and affecting lead prices.

Supply side

The supply of waste batteries was still in a tight situation, with prices maintaining a strong trend. Despite the continuous loss of recycled lead, the phenomenon of production reduction by enterprises was still continuing; Starting from last week, some refineries entered a maintenance period for primary lead. On the demand side, based on the operating rate data of lead-acid batteries last week, there was still a slight upward trend. However, the overall market terminal consumption situation had not shown substantial improvement, and some enterprises were looking forward to the market recovery in July.

Demand side

The lead-acid battery market for electric bicycles entered the traditional sales peak season, and the demand for lead increased, resulting in a slight increase in the operating rate of related enterprises. Other demand sides were still in a sluggish state.

Inventory

From the inventory situation, LME's lead inventory was still at a historical high level, while the pressure on domestic social inventory to remain stable in the recent times is relatively small.

Market outlook

Overall, the fundamentals of the lead market have shown some signs of improvement recently, but the market was still in a weak supply-demand situation. Therefore, it is recommended to treat the increase in lead prices with caution.

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