SunSirs: On June 21, in the Seasonal Off-season, the Lead Price Fluctuated as a Whole
June 22 2022 15:58:42 SunSirs (John)
Price trend
On June 21, the quotation range of 1# lead ingots in the domestic spot lead market was around 15,000-15,100 RMB/ton, with an average price of 15,050 RMB/ton, an increase of 200 RMB/ton from the previous trading day.
Analysis review
Recently, downstream batteries were still in the seasonal off-season, and the finished product inventory of enterprises was still high, and the demand for lead ingot procurement was weak. In terms of primary lead, there have been many off-season maintenance by manufacturers recently, coupled with the impact of tight supply at the mine end, the overall operating rate of smelters was low.
Market outlook
The overall performance is that both supply and demand are weak. In the off-season, the market demand for lead ingots is weak. The recent market fluctuations mainly follow the trend of futures. 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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