SunSirs: On December 8, the Downstream Was in the Off-season, and the Lead Price Fell
December 09 2022 10:47:33 SunSirs (John)
Price trend
On December 8, the quotation range of 1# lead ingot in the domestic spot lead market was about 15,500-15,600 RMB/ton, and the average price was 15,550 RMB/ton, down 50 RMB/ton from the previous trading day.
Analysis review
Since the middle of November, as the weather turns cold, the peak season for battery enterprises was coming to an end, and the lead price had started to recover slightly due to the impact, but the overall price remained at a high level. In terms of supply, most primary lead enterprises maintain normal production at present, with little change in operating rate. Due to the limited transportation areas and the limited transportation of waste batteries, the renewable lead enterprises had a slight shortage of raw materials, and the recent construction declined.
Market outlook
In general, the lead ingot market has entered the off-season. Affected by this, the price of lead ingot has continued to decline recently. In the short term, the trend continues to follow the fluctuation of macro factors. In the long term, there is still some room for decline.
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