According to the monitoring of the commodity market analysis system of Shengyi Society, as of January 24th, the price of lead 1 # was 16750 yuan/ton, a decrease of 0.21% from the lead price of 16785 yuan/ton on January 20th.
| Gamma-PGA (gamma polyglutamic acid) |
This week’s market analysis
As the Spring Festival holiday approaches this week, trading in the spot lead market has turned weak. Recently, there has been a significant reduction in transportation vehicles, leading to an increase in freight rates and constraining spot trading. At the same time, downstream enterprises are about to take a holiday, and with the rise in lead prices, some companies’ plans to stock up on dips before the holiday have been disrupted.
Native end
Part of the electrolytic lead plants provide accompanying quotes for delivery, with a slight reduction in the markup. The strong trend of lead prices this week has led to companies that originally planned to stock up adopting a wait-and-see attitude or directly canceling their inventory plans.
Regeneration end
The supply and demand in the spot market are both showing a weak trend. Most battery manufacturers have completed pre holiday stocking, resulting in a sluggish transaction of recycled lead. The price of lead in Shanghai remains relatively strong and volatile, and the supply of goods for holders is tight, resulting in a significant decrease in quotes compared to last week.
Demand side
Major lead-acid battery companies have basically entered a holiday period, and the procurement of raw materials and shipment of batteries have also gradually ended. Considering that logistics vehicles will be shut down no later than around January 23rd, downstream enterprises may use this time window to carry out the final nearby stocking work. The demand for lead consumption is showing further weakness.
comprehensive analysis
At the beginning of the week, as the holiday approached, the number of logistics vehicles gradually decreased. As a result, most downstream enterprises have suspended their procurement activities for lead ingots. Next week, coinciding with the arrival of the Chinese Lunar New Year, the logistics system will be completely shut down. In this context, spot trading of lead ingots will be suspended.
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