Shanghai lead fell sharply in the morning of the 25th, and the main contract of Shanghai lead dropped 1.88% by the end of the day. The spot market price followed the downward trend. The quotation range of lead ingot in domestic spot lead market was about 14950-15050 yuan / ton, with an average price of 15000 yuan / ton, down 125 yuan / ton from the previous trading day.

Today, the spot market prices down, the lower reaches of the opportunity to bargain into the market, mainly small single transactions, the market as a whole partial wait-and-see. The downstream battery enterprises purchase on demand, and the transaction atmosphere is general. At present, the battery industry is still in the traditional off-season, and the demand for lead ingots is relatively stable. In the future, the demand for lead ingots is mainly weak without obvious large-scale downstream demand.

Relevant data:

ILZSG: 21800 tons of lead shortage in January

According to the data of the international lead research group, the global lead market was short of 21800 tons in January 2021, revised to oversupply of 11000 tons in December last year, and oversupply of 30500 tons in December. In January, the global output of lead ore was 366200 tons, the output of lead was 999400 tons, and the consumption of lead was 1021200 tons.