Group 1 - The average price of lead ingots is 16,800 CNY/ton, while recycled refined lead averages 16,775 CNY/ton, indicating a price difference of 25 CNY/ton [1] - As of July 22, the main market lead ingot social inventory in China is 65,800 tons, a decrease of 1,000 tons from July 17 [1] - The Shanghai market inventory stands at 7,900 tons, Guangdong at 3,900 tons, Jiangsu at 15,000 tons, Tianjin at 20,000 tons, and Zhejiang at 19,000 tons [1] Group 2 - On July 22, the London Metal Exchange (LME) reported lead registered warrants at 186,525 tons and canceled warrants at 75,975 tons, with total lead inventory at 262,500 tons, a decrease of 2,425 tons [2] - New Hu Futures' analysis indicates that while domestic waste battery prices remain stable, there has been a slight recovery in recycled lead production, and primary lead production remains high despite some maintenance [3] - The demand for electric bicycle batteries is stagnant, and while there is slight improvement in the automotive battery market, overall demand remains below expectations, leading to increased concerns about demand [3]
基本面短期矛盾不突出 铅价或或延续震荡走势
Jin Tou Wang·2025-07-22 08:55