SunSirs: The Lead Market Maintains a Weak Trend At Present
June 01 2023 09:18:05
On May 29th, the benchmark price of lead in SunSirs was 15150.00 RMB/ton, a decrease of -0.39% compared to the beginning of this month (15210.00 RMB/ton).
In terms of the futures market, Shanghai lead rose first and then fell this week. Since last Tuesday, prices have been declining for three consecutive days. On Friday, prices have slightly rebounded. The spot market has followed the fluctuations of Shanghai lead this week, and the overall market atmosphere is on the wait-and-see side. The actual trading volume is slightly cold, and the actual transactions are mainly long-term contracts, with limited individual orders. There has been little change in supply and demand, and the supply performance is decent, with a certain increase in social inventory.
In terms of demand, the downstream battery industry is generally in the off-season of the industry, with poor performance in the consumer market. Some small storage companies have recently experienced significant pressure on finished products, high inventory, and a high demand for raw material procurement, resulting in limited replenishment demand.
Overall, there has been a slight increase in market supply after the holiday, while demand remains weak. In the future, SunSirs predicts that the trend will remain weak and volatile in the short term, with limited market volatility in the off-season. We will pay attention to the impact of macro level news on the market in the future
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-02-07 SunSirs: Approaching Holidays, Lead Prices Were Weak (January 29-February 5)
- 2024-01-30 SunSirs: As the Holiday Approaching, Lead Prices Fluctuated Narrowly (January 19-26)
- 2024-01-24 SunSirs: Supply Was Tight, Leading to a Slight Increase in Lead Prices (January 15-22)
- 2023-12-05 SunSirs: Downstream Was in the Off-Season, and Lead Prices Declined (November 27-December 4)
- 2023-11-16 SunSirs: Price Increase in Domestic Spot Lead Market
