According to the monitoring of the commodity market analysis system of Shengyi Society, as of June 27th, the price of lead 1 # was 17058 yuan/ton, an increase of 1.60% compared to the lead price of 16790 yuan/ton on June 23rd.
This week’s market analysis
This week, some refineries have started maintenance of primary lead, resulting in reduced supply and affecting lead prices.
supply end
The supply of waste batteries is still in a tight situation, with prices maintaining a strong trend. Despite the continuous loss of recycled lead, the phenomenon of production reduction by enterprises is still continuing; Starting from this week, some refineries have entered a maintenance period for primary lead. On the demand side, based on the operating rate data of lead-acid batteries last week, there is still a slight upward trend. However, the overall market terminal consumption situation has not shown substantial improvement, and some enterprises are looking forward to the market recovery in July.
demand side
The lead-acid battery market for electric bicycles has entered the traditional sales peak season, and the demand for lead has increased, resulting in a slight increase in the operating rate of related enterprises. Other demand sides are still in a sluggish state.
Inventory end
From the inventory situation, LME’s lead inventory is still at a historical high level, while the pressure on domestic social inventory to remain stable in the near future is relatively small.
comprehensive analysis
Overall, the fundamentals of the lead market have shown some signs of improvement recently, but the current market is still in a weak supply-demand situation. Therefore, it is recommended to approach the increase in lead prices with caution.
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