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Overnight, the lead opened slightly lower and then the shock was strong and closed the small white line. Shanghai lead opened slightly higher in the evening and then rebounded to close the positive line. The low level of domestic monthly processing fees has further declined, the tension at the mine end has continued to intensify, and the supply of primary lead has increased to a limited extent. The supply of raw materials for waste batteries has eased, and the start of recycled lead has continued to rise. In the second half of last week, the price of waste batteries fell significantly, and the cost of lead moved downward. Downstream battery demand is relatively stable during the peak season. The short-term domestic economic data is weak, and the pressure on overseas lead ingot imports and the narrowing of the supply-demand gap have weakened the shock of lead prices. In the later stage, we will pay attention to the supply and demand of lead and the import of lead ingots. (Holly Futures)
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The latest market situation of used batteries (August 5):
Price: The price of 1# lead fell by 300 yuan/ton, and the waste battery continued to fall.
Market Transaction:
1. [Market] Jiangxi A recycler: waste electric 9800 yuan/ton to get the goods, the smelter will continue to fall if the price is reduced.
2. [Market] Anhui A recycler: stop collecting and wait and see.
3. [Market] Guangdong A recycler: a small amount of receipt, afraid that the price will fall sharply.
Market sentiment and research: today's lead prices continue to fall, the price of waste batteries continues to fall by 200-500 yuan / ton, the price of waste electric tax in Henan fell below the 10,000 yuan mark, some refining enterprises notified the suspension of production, some refining enterprises only stop collecting and not stopping, in the collection of limited quantities of goods, the panic at the recycling end is not reduced, continue to stop or a small amount of receipt, it is expected that the price of waste batteries in the short term is weak.
(Prices are for reference only, subject to local conditions)
Recycled Lead Market (August 6):
Price: On August 6, the price of lead continued to fall, the market price of recycled lead was lowered by 300-500 yuan/ton, the market price of reduced lead was 16650-16850 yuan/ton, the price of recycled refined lead was reported at 16800-17000 yuan/ton, and the recycled refined lead was slightly expanded with a tax-inclusive discount, and the price was reported at 18000-18025 yuan/ton ex-factory.
Transaction: Lead prices are weak, the market is afraid of falling sentiment, there are few downstream inquiries, and the trading activity of the recycled lead market is low.
Market sentiment and forecast: Market participants reported that the price of lead fell three times in a row, and the total number of 1# lead ingots fell by 1275 yuan/ton in three days, and the price difference between 08 and 09 exceeded 1,000 yuan. Lead prices are falling rapidly, and the raw materials of recycled lead refining enterprises are mostly high-priced sources, and the production losses are aggravated.
Electrolytic Lead Market (August 6):
Price: On August 6, the average price of 1# electrolytic lead in the Shanghai market was 18,125 yuan/ton, down 300 yuan/ton from the previous trading day. In the spot market, Jiangsu, Zhejiang and Shanghai markets reported around 8+80, Henan markets reported around 8-80, Guangdong markets reported around 18,200 yuan/ton, and Hunan markets reported around 18,125 yuan/ton.
Deal:
The spot price of lead fell by 300 yuan/ton, and the lead price continued to fall, and the wait-and-see sentiment in the downstream morning was heavier.
Market sentiment: the lead is running weakly, and the discount of the original refining enterprises in the morning is temporarily stable, but the willingness of the downstream to receive the goods is still not strong.
Forecast: Under the new policy, the price of waste batteries has plummeted, the loss of cost support has weakened the lead price, and the short-term focus on the decline in the price of raw materials and the arrival of waste batteries, and the lead price is expected to remain in a wide range.
Article source: Intercontinental Battery Circle
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