According to the monitoring of the commodity market analysis system of Shengyi Society, as of January 17th, the price of lead 1 # was 16780 yuan/ton, an increase of 0.51% compared to the lead price of 16695 yuan/ton on January 13th.
| Gamma-PGA (gamma polyglutamic acid) |
This week’s market analysis
This week, due to downstream companies stocking up before the holiday as usual, the lead market has been actively trading in the early stage. Waiting for stocking to be completed, due to the approaching traditional Spring Festival, the market is in a weak supply-demand state.
Native end
The inventory of primary lead refineries has decreased, and there is a shortage of warehouse receipts, with refinery pickup and shipment being the main focus.
Regeneration end
Waste batteries are prone to rise but difficult to fall, and the profits from recycling and smelting are relatively low, resulting in a reluctance to sell. During the week, some refineries resumed production one after another, and the market’s spot supply increased. Manufacturers actively shipped, and some lowered their premiums.
Demand side
Downstream enterprises purchase on demand, and low-priced sources of electrolytic lead are in high demand, resulting in a high level of activity in the spot market. As the Spring Festival holiday approaches, most downstream enterprises have completed pre holiday stocking, while a small number of enterprises continue to replenish their inventory, resulting in a gradual decline in spot trading.
comprehensive analysis
During the two weeks leading up to the Spring Festival, most companies are on vacation and logistics will soon be suspended. Downstream enterprises stock up according to convention. As the Spring Festival approaches and the number of corporate holidays increases, it is expected that the lead market trading will further weaken.
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