On September 5th, the quotation range for lead ingot 1 in the domestic spot lead market was around 16100-16250 yuan/ton, with an average price of 16175 yuan/ton, a decrease of 225 yuan/ton compared to the previous trading day.
On the evening of the 4th, Shanghai Lead led a decline of 2.3%, while in the morning, it continued its overnight trend until the end of the 5th, when the main Shanghai Lead 2310 contract closed down 2.65%. Due to the tight supply of recycled lead in the early stage, Shanghai and Shanghai lead prices have continued to rise, resulting in a large price difference between futures and cash in China, active market trading, and a significant accumulation of domestic social inventory. At present, the price of lead ingots is high, and downstream enterprises have a wait-and-see ability to receive goods. They generally maintain a rigid demand for lead ingots. Some downstream enterprises have production reduction plans in the future, lacking demand support, and it is expected that the lead ingot market will operate weakly in the short term.
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