Lead ingot price fell by a small margin on Thursday to RMB14,500-14,600/t (USD2,123-2,382/t)
A source from a Guangdong-based battery company reported, "Along with the summer's coming, our demand of lead ingot in May decreased by about 100t from last month . " This battery producer consumed 500t of lead ingot in May . They usually purchase 300t of lead ingot every half a month .
"The recent offers are around RMB14,500-14,800/t (USD2,123-2,167/t), which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price . " According to the source they still hold 700t of lead ingot on hand .
A source from a Henan-based smelter told us, "We decreased the offer again from RMB14,600/t (USD2,382/t) to RMB14,500/t (USD2,123/t) on Thursday . " The production of the smelter is about 5,000tpm . "Some downstream manufacturers are not in a hurry to return to the market and keep watching the market, as they still have inventories on hand . "
The influence factor of the lead price is complicated . Due to the slack economy and summer's come, most market participants predict the price might fall unceasingly .
. The current macroeconomics situation is gloomy, and in the wake of the slack season of lead ingot, lead market is confronted with more pressure . Battery manufacturers keep watching the lead ingot market .Feed subscribe
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Friday, 4 June 2010
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