Lead prices rebounded in Chinese market last week due to the increasing stocks and weak demand from consumers.

LME lead price went up and down, lingered at a low level. The inventory of lead ingot increased to 60.500mt last Friday. There is great pressure on LME lead prices.

As many smelters resumed production, the supply of lead ingot may increase gradually in the coming months.Consumers still keep watching the market and the lead price may lack momentum to rise further . Lead ingot price would linger at about RMB10000/mt.

Lead concentrate supply remains tight in Chinese market now. Due to the rebounding lead ingot ,lead concentrate prices also increased to RMB 7500/mt in Chinese market.Many lead smelters revealed they are not hurry to purchase material and they are only interested in lead concentrate with Pb 50%min.

facing the poor performance of lead market and the sufficient supply of the metal, buyers are not in a hurry to purchase the metal and material . so the trading still keeps weak.