Lead Market: The Tug-of-War Between Cost Support and Weak Consumption [SMM Analysis]
[SMM Analysis: The Game Between Cost Support and Bearish Consumption in the Lead Market] SMM, February 21: Due to the accelerated resumption of production at secondary lead smelters after the holiday, the demand for used lead-acid batteries has significantly increased, leading to a considerable expectation of price hikes. Meanwhile, smelters are facing greater cost pressure, as rising raw material costs and sluggish selling prices have squeezed profits, with some smelters already operating at a loss.
[SMM Analysis: How Has the Resumption Progress of Lead-Acid Battery Enterprises Been Since the Chinese New Year?] It has been three weeks since the Chinese New Year holiday, and major lead-acid battery enterprises have resumed normal production. As the largest lead consumption sector, how is the post-holiday consumption situation in the lead-acid battery end-use market, and what is the operating rate of production lines after the producers resumed work...
[SMM Analysis: Rare Earth Prices Jumped Initially and Then Pulled Back, Is There Still Room for Further Increases?] This week, rare earth prices experienced significant fluctuations overall. Starting from the 17th, the Pr-Nd market showed a generally weak trend, with the actual transaction price of Pr-Nd oxide dropping to 432,000-433,000 yuan/mt. As top-tier enterprises increased their procurement, low-priced supplies decreased, but the actual transaction performance of downstream products remained poor, with the actual transaction price of Pr-Nd alloy falling below 530,000 yuan/mt on the 19th.