Some ferromolybdenum producers still out of production

Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000t USD31.Asian Metal Copyright

 

With a production capacity of 6,000tpy, a Liaoning-based producer told Asian Metal that they have been out of production of ferromolybdenum for about two months and still have no intension to resume at the present.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright

 

Holding more than 2 containers of molyoxide from a long contract in China ports, the source lamented that the cost of the materials is as high as USD17.Asian Metal Copyright" .Asian Metal Copyright00/lb.Asian Metal Copyright Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenumlast month and still has no plan to resume in the near term.Asian Metal Copyright "The domestic market remains rough," said the source.Asian Metal Copyright" .Asian Metal Copyright

 

Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenum last month and still has no plan to resume in the near term.Asian Metal CopyrightBEIJING Asian Metal 21 Jun 10 – Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000/t (USD31.Asian Metal CopyrightBEIJING Asian Metal 21 Jun 10 – Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright72/kg Mo) but added that there was still no profit margin left for them.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000t USD31.Asian Metal Copyright

 

"Many Chinese ferromolybdenum producers are still out of production," said the source.Asian Metal Copyright Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenumlast month and still has no plan to resume in the near term.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright"

Chinese ferromolybdenum producers still watching

As the molybdenum price is moving up in overseas market, Chinese ferromolybdenum producers stopped lowering offers these days.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright While some Chinese producers are still out of production, watching and waiting for a workable price, and the mainstream price is indicating at RMB130,000/t (USD31.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright72/kg Mo) for ferromolybdenum 60% for the moment.Asian Metal Copyright "Though we import molyoxide by long-term contract for production, the profit of selling ferromolybdenum at RMB130,000t USD31.Asian Metal Copyright

 

A Liaoning-based producers with a production capacity of 400-500tpm told Asian Metal that they didn't make offers for ferromolybdenum in the past weeks on account of low concluded prices.Asian Metal Copyright72kg Mo remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright

 

"Though we import molyoxide by long-term contract for production, the profit of selling ferromolybdenum at RMB130,000/t (USD31.Asian Metal Copyright72kg Mo for ferromolybdenum 60% for the moment.Asian Metal Copyright72/kg Mo) remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright A Liaoning-based producers with a production capacity of 400-500tpm told Asian Metal that they didn't make offers for ferromolybdenum in the past weeks on account of low concluded prices.Asian Metal Copyright

 

Another Henan-based producer with a production capacity of 8,000tpy didn't make offers for ferromolybdenum in spot market these days either.Asian Metal Copyright72kg Mo remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright AnotherHenan-based producer with a production capacity of 8,000tpy didn't make offers for ferromolybdenum in spot market these days either.Asian Metal Copyright

 

Moreover, many Chinese special steel mills, who usually buy 20-50t of ferromolybdenum every month, claims that they still have enough inventories of the material in stock as they are overhauling, so the latest purchase should happen next week or later.Asian Metal Copyright .

Manganese flake market still in thin trading

It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal Copyright Many stainless steel mills have been out of production and most manganese flake consumers do not want to buy any more at the moment.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500t USD2,123t ex works.Asian Metal Copyright

 

A source from a Hunan-based manganese flake smelter, who decreased the monthly output to 3,000t from 4,500t, revealed to Asian Metal that manganese flake price is in the range of RMB14,500-14,600/t (USD2,123-2,138/t) ex works, and the domestic market still does not see more deals.Asian Metal Copyright Putting about RMB15,400t USD2,255t ex works for manganese lump, he does not sign any order this week.Asian Metal Copyright "The powder price rising can push up the manganese flake price a bit, and it is expected that the market may see more deals after the festival," said the source.Asian Metal Copyright According to the source, though powder price increasing in Hunan pushed up the manganese flake price a bit, downstream consumers are still watching the market instead of replenishing stocks.Asian Metal Copyright

 

Offering USD2,700-2,750/t FOB China for manganese flake now, the source complained that there are still lots of materials available in Rotterdam warehouse, and only few inquiries from overseas market are received.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500t USD2,123t ex works.Asian Metal Copyright

 

With an output of about 2,000tpm of manganese lump and ferromanganese, another source in Hunan province disclosed to Asian Metal that he will decrease the output when he concludes the orders signed before.Asian Metal Copyright "The powder price rising can push up the manganese flake price a bit, and it is expected that the market may see more deals after the festival," said the source.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500/t (USD2,123/t) ex works.Asian Metal Copyright A source from a Hunan-based manganese flake smelter, who decreased the monthly output to 3,000t from 4,500t, revealed to Asian Metal that manganese flake price is in the range of RMB14,500-14,600t USD2,123-2,138t ex works, and the domestic market still does not see more deals.Asian Metal Copyright

 

According to the source, though powder price increasing in Hunan pushed up the manganese flake price a bit, downstream consumers are still watching the market instead of replenishing stocks.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal Copyright Putting about RMB15,400/t (USD2,255/t) ex works for manganese lump, he does not sign any order this week.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.

Manganese flake price rebounds in China

It is reported that as the powder price rises in Hunan, Sichuan, and Guangxi province, and most smelters have been out of production, manganese flake price rebounds slowly in Chinese market.Asian Metal Copyright12kWh in Hunan, and it also increased up by RMB0.Asian Metal Copyright Some smelters who still hold stocks at hand are holding back from selling and waiting for the market to be clear.Asian Metal Copyright05kWh in Guangxi.Asian Metal Copyright

 

With a monthly output of 600t in Hunan and Guangxi respectively, a source from manganese smelter revealed that currently, the manganese flake price rebounds to about RMB14,600/t (USD2,138/t) ex works, from RMB14,400/t (USD2,108/t) ex works of early this week, and he has been out of production for the environment protection.Asian Metal Copyright12kWh in Hunan, and it also increased up by RMB0.Asian Metal Copyright "I only have one factory operating in Guangxi now with an output of around 600tpm, and am unwilling to sign any order at current price for the high production cost," shared the source, still holding stocks on hand.Asian Metal Copyright Another source from manganese flake smelter in Chongqing, who has decreased the output to 800tpm from 1,500tpm, told Asian Metal that the manganese flake price climbs up slowly to RMB14,500-14,600t USD2,123-2,138t ex works, up by about RMB200t USD29t against that of early this week, but the consumers are still inactive to buy now.Asian Metal Copyright

 

Since he last made an export deal of 204t with a Japanese customer at USD2,820/t FOB China on May 25, the source has not signed any new order yet so far, offering USD2,750-2,780/t FOB China for manganese flake.Asian Metal Copyright Since he last made an export deal of 204t with a Japanese customer at USD2,820t FOB China on May 25, the source has not signed any new order yet so far, offering USD2,750-2,780t FOB China for manganese flake.Asian Metal Copyright

 

Another source from manganese flake smelter in Chongqing, who has decreased the output to 800tpm from 1,500tpm, told Asian Metal that the manganese flake price climbs up slowly to RMB14,500-14,600/t (USD2,123-2,138/t) ex works, up by about RMB200/t (USD29/t) against that of early this week, but the consumers are still inactive to buy now.Asian Metal Copyright In addition, he does not give an export offer, for no inquiries from overseas market are received.Asian Metal Copyright "The powder price rising is the main reason that pushes up the manganese flake price, and the stainless steel consumers still have little intention of replenishing stocks now," said the source, predicting the manganese price will continue to rebound in the coming week.Asian Metal Copyright05kWh in Guangxi.Asian Metal Copyright

 

According to the source, the powder price rose to RMB0.Asian Metal Copyright "I only have one factory operating in Guangxi now with an output of around 600tpm, and am unwilling to sign any order at current price for the high production cost," shared the source, still holding stocks on hand.Asian Metal Copyright63/kWh up by RMB0.Asian Metal Copyright With a monthly output of 600t in Hunan and Guangxi respectively, a source from manganese smelter revealed that currently, the manganese flake price rebounds to about RMB14,600t USD2,138t ex works, from RMB14,400t USD2,108t ex works of early this week, and he has been out of production for the environment protection.Asian Metal Copyright12/kWh in Hunan, and it also increased up by RMB0.Asian Metal Copyright Since he last made an export deal of 204t with a Japanese customer at USD2,820t FOB China on May 25, the source has not signed any new order yet so far, offering USD2,750-2,780t FOB China for manganese flake.Asian Metal Copyright05/kWh in Guangxi.Asian Metal Copyright05kWh in Guangxi.Asian Metal Copyright Many smelters in Guangxi halted production, and some major smelters decreased production with the weak demand.Asian Metal Copyright "I only have one factory operating in Guangxi now with an output of around 600tpm, and am unwilling to sign any order at current price for the high production cost," shared the source, still holding stocks on hand.Asian Metal Copyright In addition, he does not give an export offer, for no inquiries from overseas market are received.Asian Metal Copyright In addition, he does not give an export offer, for no inquiries from overseas market are received.

Manganese flake price goes steady in China

After moving down constantly in the past weeks, the manganese flake price goes steady since early week.Asian Metal Copyright He has been out of production by now for the environment protection and the low demand from domestic and foreign markets.Asian Metal Copyright Meanwhile, before the rising powder price will be settled in the near future, many manganese smelters halted production, and few smelters are about to raise the offer a little, but stainless steel purchasers are still inactive to buy for the pressure of the real estate.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright

 

A source from a manganese flake smelter in Hunan province, with an output of about 500tpm, confirmed to Asian Metal that the manganese flake price goes stable at about RMB14,300/t (USD2,094/t) ex works after moving down greatly in the past weeks.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright He has been out of production by now for the environment protection and the low demand from domestic and foreign markets.Asian Metal Copyright Meanwhile, before the rising powder price will be settled in the near future, many manganese smelters halted production, and few smelters are about to raise the offer a little, but stainless steel purchasers are still inactive to buy for the pressure of the real estate.Asian Metal Copyright

 

Since the last export deals of 25t of manganese flake at USD2,800/t CIF Rotterdam last May, the source does not offer, for no inquiries from overseas market are received.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright However, he is negotiating with some foreign customers about an order of manganese briquette, offering about USD2,350/t CIF Rotterdam.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright

 

Putting the manganese flake offer at RMB14,300-14,400/t (USD2,094-2,108/t) ex works at the moment, another manganese trader in Hunan province revealed to Asian Metal that the powder price will be raised by about RMB0.Asian Metal CopyrightBEIJING Asian Metal 11 Jun 10 - After moving down constantly in the past weeks, the manganese flake price goes steady since early week.Asian Metal Copyright1/kWh in the near future.Asian Metal Copyright Since the last export deals of 25t of manganese flake at USD2,800t CIF Rotterdam last May, the source does not offer, for no inquiries from overseas market are received.Asian Metal Copyright "The manganese price goes stable these two days, but if the final powder price will be settled, smelters are about to increase the manganese offer," said the source.Asian Metal Copyright Putting the manganese flake offer at RMB14,300-14,400t USD2,094-2,108t ex works at the moment, another manganese trader in Hunan province revealed to Asian Metal that the powder price will be raised by about RMB0.Asian Metal Copyright

 

The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750/t FOB China, USD2,850/t FOB China and USD 2,900/t FOB China for manganese flake 99.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright7%min, manganese lump 95%min and 97%min respectively.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright

Report forecasts shortages of 14 critical mineral raw materials including Antimony, Beryllium, Cobalt, Fluorspar, Gallium, Germanium, Graphite, Indium, Magnesium, Niobium, PGMs (Platinum Group Metals), Rare earths, Tantalum and Tungsten.

Raw materials are an essential part of both high tech products and every-day consumer products, such as mobile phones, thin layer photovoltaics, Lithium-ion batteries, fibre optic cable, synthetic fuels, among others. But their availability is increasingly under pressure according to a report published today by an expert group chaired by the European Commission. In this first ever overview on the state of access to raw materials in the EU, the experts label a selection of 14 raw materials as "critical" out of 41 minerals and metals analysed. The growing demand for raw materials is driven by the growth of developing economies and new emerging technologies. The list was established in the framework of the 2008 EU Raw Materials Initiative¹ in close cooperation with Member States and stakeholders. The results of the report will be used for the drafting of a forthcoming communication on strategies to ensure access to raw materials which the Commission will publish in autumn 2010.

European Commission Vice-President Antonio Tajani, in charge of Industry and Entrepreneurship, said: "Today's report provides very valuable input for our efforts to ensure that access to raw materials for enterprises will not be hampered. We need fair play on external markets, a good framework to foster sustainable raw materials supply from EU sources as well as improved resource efficiency and more use of recycling. It is our aim to make sure that Europe's industry will be able to continue to play a leading role in new technologies and innovation and we have to ensure that we have the necessary elements to do so.''

The expert group considers that 14 raw mineral materials are critical for the European Union: Antimony, Beryllium, Cobalt, Fluorspar, Gallium, Germanium, Graphite, Indium, Magnesium, Niobium, PGMs (Platinum Group Metals), Rare earths, Tantalum and Tungsten. Forecasts indicate that demand might more than triple for a series of critical raw materials by 2030 compared with the 2006 level.

For the critical raw materials, their high supply risk is mainly due to the fact that a high share of the worldwide production mainly comes from a handful of countries: China (antimony, fluorspar, gallium, germanium, graphite, indium, magnesium, rare earths, tungsten), Russia (PGM), the Democratic Republic of Congo (cobalt, tantalum) and Brazil (niobium and tantalum). This production concentration, in many cases, is compounded by low substitutability and low recycling rates.

Antimony ingot producers hold price firm

Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000t USD8,346t ex works for antimony ingot since last week," the source said.Asian Metal Copyright

A source from an antimony ingot smelter in Hunan, with an annual capacity of around 7,000t, reported that they turned down any bids at below RMB57,000/t (USD8,346/t) ex works.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000/t (USD8,346/t) ex works for antimony ingot since last week," the source said.Asian Metal Copyright" Similarly, the source thinks the export market of antimony ingot will see more inquires in the near future and the price will rise further as foreign buyer will make purchases before they leave for summer holiday.Asian Metal Copyright

Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright A source from another smelter in South China with an annual capacity of around 10,000t, reported that they hold their antimony ingot price at RMB56,000t USD8,199t ex weeks this week.Asian Metal Copyright "We has an order of 200t of antimony ingot signed at RMB62,000/t (USD9,076/t) ex works in May, which has not been finished.Asian Metal Copyright Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright"

According to the source, the smelter just resumed production after the environmental check in May, and will finish the order in mid-June.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.

Manganese smelters more reluctant to sell in China

Although manganese ore price keeps high, and the supply of manganese ore is tight, manganese flake price continues to go down, and most manganese smelters are more hesitant to sell with the thin profit.Asian Metal Copyright Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal Copyright Some of smelters halted production and decided to leave the market for the time being.Asian Metal Copyright Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal Copyright At the same time, the export price of manganese flake moves down accordingly, and the market is very quiet.Asian Metal Copyright Some of smelters halted production and decided to leave the market for the time being.Asian Metal Copyright
 
A manganese flake smelter in Guizou, with  an output of around 2,500tpm, revealed to Asian Metal that he is fulfilling some long-term orders signed with some regular steel mills, and current manganese flake price goes down to about RMB14,400/t (USD2,108/t) ex works.Asian Metal Copyright At the same time, the export price of manganese flake moves down accordingly, and the market is very quiet.Asian Metal Copyright "Few smelters start to sell at about RMB14,300/t (USD2,094/t) ex works in Jishou, and I still hold some orders to fulfill and does not want to sign any orders with the low price," said the source.Asian Metal Copyright He claimed that the export volume is decreasing with the manganese price dropping.Asian Metal Copyright
 
Few inquiries from overseas market are received, and the source does not sign any export orders these two weeks, offering USD2,750-2,800/t FOB for manganese flake.Asian Metal Copyright Another manganese flake smelter in Chongqing, with an output of around 1,200tpm, revealed to Asian Metal that current manganese flake price is around RMB14,400t USD2,108t ex works, and there is still a room for it to move down continuously in the coming days, while the demand from consumers does not increase.Asian Metal Copyright He claimed that the export volume is decreasing with the manganese price dropping.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright
 
Another manganese flake smelter in Chongqing, with an output of around 1,200tpm, revealed to Asian Metal that current manganese flake price is around RMB14,400/t (USD2,108/t) ex works, and there is still a room for it to move down continuously in the coming days, while the demand from consumers does not increase.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright Owning manganese ore resources, the source confirmed  is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright
 
Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal CopyrightBEIJING Asian Metal 28 May 10 - Although manganese ore price keeps high, and the supply of manganese ore is tight, manganese flake price continues to go down, and most manganese smelters are more hesitant to sell with the thin profit.Asian Metal Copyright On the other side, consumers  are still not eager to buy, and the manganese market is still in thin trading in China.Asian Metal Copyright On the other side, consumers are still not eager to buy, and the manganese market is still in thin trading in China.

Battery manufacturers purchase lead ingot inactively

Lead ingot price fell by a small margin on Thursday to RMB14,500-14,600/t (USD2,123-2,382/t).Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright The current macroeconomics situation is gloomy, and in the wake of the slack season of lead ingot, lead market is confronted with more pressure.Asian Metal Copyright " The influence factor of the lead price is complicated.Asian Metal Copyright Battery manufacturers keep watching the lead ingot market.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright

A source from a Guangdong-based battery company reported, "Along with the summer's coming, our demand of lead ingot in May decreased by about 100t from last month.Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright" This battery producer consumed 500t of lead ingot in May.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright Due to the slack economy and summer's come, most market participants predict the price might fall unceasingly.Asian Metal Copyright

"The recent offers are around RMB14,500-14,800/t (USD2,123-2,167/t), which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright A source from a Guangdong-based battery company reported, "Along with the summer's coming, our demand of lead ingot in May decreased by about 100t from last month.Asian Metal Copyright

A source from a Henan-based smelter told us, "We decreased the offer again from RMB14,600/t (USD2,382/t) to RMB14,500/t (USD2,123/t) on Thursday.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright" The production of the smelter is about 5,000tpm.Asian Metal Copyright The current macroeconomics situation is gloomy, and in the wake of the slack season of lead ingot, lead market is confronted with more pressure.Asian Metal Copyright "Some downstream manufacturers are not in a hurry to return to the market and keep watching the market, as they still have inventories on hand.Asian Metal Copyright " The influence factor of the lead price is complicated.Asian Metal Copyright "

The influence factor of the lead price is complicated.Asian Metal Copyright Battery manufacturers keep watching the lead ingot market.Asian Metal Copyright Due to the slack economy and summer's come, most market participants predict the price might fall unceasingly.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.