MYMETAL: Chinese lead prices climb, despite flat demand
Nov 24, 2020 17:15
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China’s domestic lead prices continued to recover over November 16-20, with the national average price of primary refined lead ingot (at least 99.994%), for example, rising by another Yuan 185/t ($28.1/t) on week to Yuan 14,885/tonne including the 13% VAT as of November 20, according to Mymetal assessment.
“In fact, last week’s rise in lead prices was more about following the overall uptick in the nonferrous market, thanks to the improved sentiment regarding the global macroeconomy,” a Shanghai-based analyst commented. “The lead market itself has no bright spot,” he added.
During the past week, the most-traded lead contract on