SunSirs: China’s Lead Price Rises Slightly on November 25

2021-11-29by admin

The domestic spot lead market 1# lead ingot quotation range is around 15050-15200 yuan/ton, with an average price of 15050 yuan/ton, up 75 yuan/ton from the previous trading day.
In the morning, Shanghai lead continued its overnight trend and rose by more than 0.5%. The spot market today mostly followed an upward adjustment of 50-100 yuan/ton. The wait-and-see sentiment of the rallies market was strong, and the trading was quiet. high. The impact of the power curtailment policy has been neglected. Primary lead companies have resumed production well, and the supply side is generally improving. The downstream storage companies have recently recovered better demand and supply and demand are improving, but the overall high inventory is still the main factor restricting the increase in lead prices. In the past month, lead prices have continued to fluctuate due to the recovery of demand but the constraints of high inventories. It is expected that lead prices will continue to fluctuate mainly in the short term.