MYMETAL: Pre-holiday buying supports China’s lead prices
Sep 28, 2020 18:00
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China’s domestic lead market saw trading recover slightly over September 21-25 as some rechargeable lead-acid battery producers re-entered the market for additional quantities to consume during the upcoming National Day holiday over October 1-8, according to the latest weekly market report by Mymetal, Mysteel’s nonferrous market data collection arm. The battery makers’ re-emergence lent partial support to lead prices over the period.
As of September 25, China’s national average price of primary refined lead ingot (at least 99.994%) had declined by a slight Yuan 79/tonne ($11.6/t) on week to Yuan 15,119/t including the 13% VAT, according to Mymetal’s assessments.
“Currently, some middle- to large-scale lead-acid battery producers are operating at 80-90% of capacity