On January 11, the demand was weak, and the lead price fell

On January 11, the quotation range of 1 # lead ingot in the domestic spot lead market was about 15250-15400 yuan/ton, with an average price of 15325 yuan/ton, down 125 yuan/ton from the previous trading day.

 

Recently, the lead price has declined as a whole. Although the price has declined, the market trading is still weak near the Spring Festival, and there is no demand for bargain-hunting and replenishment in the market. Basically, lead has not changed much and remains in the off-season market. On the supply side, all primary lead enterprises have resumed production and stopped production, and the overall operating rate has increased slightly. In terms of downstream demand, after the weather turned cold, battery manufacturers entered the seasonal off-season, the domestic market was approaching the Spring Festival holiday, and the pre-holiday reserve warehouse was almost at an end. Battery enterprises began to enter the holiday, with a significant decline in the operating rate and a decline in the demand for lead ingots. Recently, the market price has continued to decline, the domestic inventory is in the accumulation stage, and the market transaction is cold. In general, the lead ingot market has entered a seasonal off-season, with weak supply and demand in the lead market. The short-term trend continues to follow the macro factors, and there is still some room for decline in the long term.

PVA