Price Trend
In June 2019, the domestic market of 1# lead ingots shocked down. The average price of domestic market was 16,200 yuan/ton at the beginning of the month, and 16,062.50 yuan/ton at the end of the month, a decline of 0.85%.
On June 28, the lead commodity index was 97.76, down 0.45 points from yesterday, down 27.05% from 134.01 points in the cycle (2016-11-29), and up 30.99% from 74.63 points on March 19, 2015. (Note: Period refers to 2011-09-01 to date).
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II. Market Analysis
Domestic market: In June, the overall trend of spot lead market in East China was mainly turbulent. The mainstream price was about 16,000-16,200 yuan/ton. The increase was weak. The downstream demand was difficult to increase. Battery enterprises were still mainly on the lookout, and bulk orders were still very limited. By the end of the month, the main brands of lead in the market were concentrated in Jinsha, South, Copper Crown, Shuangyan and so on. Affected by environmental protection, some large factories have been repaired. Lead-acid battery enterprises have partially reduced production and storage, and lead prices have been low.
Supply and demand: London, June 20, the report released by the International Lead and Zinc Research Group showed that the global lead market was short of 25,800 tons in April and surplus of 4,300 tons in March. In the first four months of this year, the global lead market was short of 39,000 tons, compared with 38,000 tons in the same period last year.
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London, June 19, 2010. According to data released by the World Bureau of Metal Statistics (WBMS), the global lead market supply gap was 152,000 tons in January-April 2019 and 278,000 tons in 2018. The total stock at the end of April was 19,000 tons lower than that at the end of 2018. Unreported inventory changes are not included in consumption statistics. From January to April 2019, global refined lead production was 4.168 million tons, an increase of 9.3% over the same period last year. From January to April, China’s apparent demand is estimated to be 1.991 million tons, an increase of 381,000 tons over the same period last year, accounting for about 46% of the global total. Apparent demand in the United States increased by 24,000 tons from January to April. In April 2019, global refined lead production was 1.016 million tons and consumption was 1.1272 million tons.
Domestic events:
The pilot implementation scheme of centralized collection and trans-regional transfer system for waste lead-acid batteries in Jiangxi Province: In order to promote the implementation of extended producer responsibility system for lead-acid batteries production enterprises, a standardized and orderly collection and treatment system for waste lead-acid batteries was established. According to the Circular on the Issuance of Action Plan for Pollution Prevention and Control of Waste Lead-acid Batteries (SOLID) In the spirit of documents such as “Notice on Issuing the Work Programme for the Pilot Project of Centralized Collection and Cross-regional Transport System for Lead Battery Manufacturing Enterprises” (Environmental Protection Office Solid [2019] 5), the Provincial Department of Ecology and Environment and the Provincial Department of Transport and Transport compiled the “Pilot Implementation of Centralized Collection and Cross-regional Transport System for Waste Lead Batteries in Jiangxi Province”. Program (hereinafter referred to as “Program”), is now issued to you. Please do a good job of pilot work according to the requirements of the Program
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Strengthening pollution control of waste lead-acid batteries in Yunnan Province: Nine departments of Yunnan Province, including the Department of Ecological Environment, the Provincial Development and Reform Commission and the Provincial Department of Industry and Information Technology, jointly issued the Circular on Forwarding the Action Plan for Pollution Prevention and Control of Waste Lead-acid Batteries (hereinafter referred to as “the Circular”), requesting all prefectures (cities) of Yunnan Province to strengthen waste lead-acid batteries. Pollution prevention and control, implement the extended producer responsibility system, improve the standard collection and treatment rate of waste lead-acid batteries, effectively curb the environmental pollution caused by illegal collection and treatment, and prevent and control environmental risks.
3. Prospects for the Future Market
Since June, downstream lead-acid batteries enterprises have partially reduced production and storage. It is still possible to continue to reduce production in July, which is bad for the spot lead market. It is expected that lead prices will remain weak in July.