As per sources at smelter and battery makers, higher vehicle sales may drive up second-half demand for lead in China, the world’s top lead and automobile market. Tang Chenghe, chairman of smelter Anyang Yubei Gold and Lead stated: There will be a gap between the car sales and demand for lead. (The demand) would be [...]
Continue reading "China’s H2 lead demand to drive up higher car sales"
Friday, October 17, 2008
Lead dropped again by 10.8 percent on Thursday and even more with $24 down to $1,336 on Friday as expected car battery demand lessens. Traders were expecting more stocks to hit warehouses if consumption patterns from the automotive and construction industries continued to falter due to the economic downturn. Read the full article here.
Continue reading "Base Metals Down on Demand Woes"
Thursday, October 16, 2008
Lead MPB3 fell as much as 7.9% to $1,396 a tonne, down from $1,515 due to demand concerns for metal used in batteries. North American shipments of replacement automotive lead-acid batteries fell 8.6 percent in August from July, a U.S. industry group said late on Wednesday. [ID:nN15343279] While, J.D. Power and Associates, which tallies U.S. [...]
Continue reading "Lead Down on Demand Worries"
Wednesday, October 15, 2008
Lead dropped $130 or 7.9% to $1,510 a ton. After 5 years of deficits the market will show a supply surplus of 49,000 tons. Standard Bank expects an average lead price of $1,890 a ton in 2009 and $1,740 a ton in 2010. Lead is mostly used in car batteries and “current forecasts suggest there [...]
Continue reading "Lead Declines"
Monday, August 25, 2008
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. experienced a 1.77 percent profit loss compared to the first half of last year due to the sharp decline of lead and metal prices. The Shenzhen-listed company produced lead and zinc concentrates of 145,400 tons in terms of metal from, at par with those of 2006, and smelted zinc [...]
Continue reading "Zhongjin Lingnan Profits Fell"
Friday, August 22, 2008
Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply. Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May. As well, July saw lead rise on a fear of decreased production from China and its resulting [...]
Continue reading "Lead Prices Set to Dip Further"
Monday, August 18, 2008
Speculative buying lead to a rise in lead futures of 1.55 percent. An expected demand for lead for things such as batteries lead to traders buying. The most-active September contract for lead was trading 1.55 per cent higher at Rs 75.20 per kg with a business volume of 12 lots on the country’s leading Multi [...]
Continue reading "Lead Future Rises 1.55%"
Tuesday, July 22, 2008
A drop in exports from China finds lead on a 9 week high. Chinese exports of refined lead dropped 96 percent in June and fell 80 percent in the first half. [ID:nPEK277912] “Net lead exports to the west from China were at their lowest this decade in June,” said Nick Moore, analyst at ABN [...]
Continue reading "Lead Hits 9 Week High"
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Wednesday, April 8, 2009