Lead prices stabilize in China

3-month lead firmed at USD2,370/t on LME this Monday, and Chinese lead deals are concluded at RMB16,800-16,900/t (USD2,196-2,209/t) this Tuesday, almost unchanged compared with that on the previous day. Market sources predicted that lead price may lack upward power in the short term in China.

“We sold around 500t and 50t of lead at RMB16,800/t (USD2,196/t) and RMB16,900/t (USd2,209/t) ex works respectively on Monday,” a lead producer in Inner Mongolia with a capacity of 30,000tpy reported to Asian Metal. “Our quotation is at RMB16,800/t (USD2,196/t) this Tuesday, almost the same compared with that on Monday.”

According to the source, lead price stood at USD2,370/t on LME on Monday, dip by USD1/t compared with that last Friday, supporting Chinese lead price to stabilize at around RMB16,800/t (USD2,196/t). “It may keep steady at the current level in Chinese market in the following days, after a great increase last week,” expected the producer.

The source disclosed that the price of lead concentrate 60%min is offered at as high as RMB14,500/t (USD1,895/t) in the spot market, and the supply becomes tight.

A consumer in Harbin said that they purchased lead normally, and the price kept stable in recent days. “We purchased a batch of the materials at RMB16,800/t (USD2,196/t) from a lead producer in Liaoning,” he said. “Our sale of lead acid battery is good now, and we must purchase the raw materials almost every day.”

The source predicted that lead price may not rise in Chinese market in the short term, as the strong rising trend slows down on LME at press time, and it will not change much in the rest of this week.

The company consumes 40,000-50,000t of lead per year.

＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊
DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Sam Xu
Tel: 86-755-83474911
Fax: 86-755-83474980
Mobile:13929211059

E-mail: xubiao_1996(at)hotmail.com samjiefu(at)gmail.com
Add: jiefu industrial park shuiping industrail district dalang town dongguan GD,P.R.C
blog:http://antimony-trioxide.blogspot.com
website:http://www.jiefu.com