Demand low lead price weakness down

According to data monitoring by business clubs, the price of lead fell sharply this month, with the lead price at the beginning of the month at 15,100 yuan/ton, which fell to 14,625 yuan/ton at the end of the month, a decrease of 3.15%. Due to the double influence of domestic and foreign bad, spot lead prices oscillated and fell. The supply of lead exceeds demand, and the continued fall in lead prices makes the upstream reluctant to sell a strong mood, and the smelter can only ship in modest quantities due to financial pressure. However, the current orders of downstream battery companies are still weak, and the peak season is not prosperous, and the lack of downstream demand still keeps the market in a weak position. The overall market turnover is poor. Zhao Jing, a non-ferrous business club, believes that the pressure on shipments in the market has gradually increased and downstream demand has been sluggish. Therefore, the fundamentals of the lead market itself are not good, and it is expected that the price of lead will continue to decline.