LME Lead price rose slightly on Monday, closed at USD1011.5/MT .

After a great of decline, lead ingot prices also stopped its dropping step in Chinese market last week. Due to the demand from buyers recovering and suppliers reluctant to sell lead ingot on lower price.

Some traders said that there's more inquiries for lead ingot in the market as most battery producers' lead inogt  stocks are using up,they have to replenish stocks in the near term.

With the demand of lead increasing, suppiers up the price. 1# lead price rebounded to RMB11100/MT on Tuesday, lead bullion rose to RMB10400/MT, Scrap lead-acid battery rose RMB100/MT to RMB5600-5800/MT.

Paticipants revealed the main factor to support the rising price is most smelters are reluctant to sell lead at lower price . The market likely to turn from buyer's makret to seller's one.