On Monday, the lead ingot prices in Chinese spot market went down and was about RMB17800-17900/MT. However, some participants estimate that the lead prices will stop declining and stay at RMB17500/MT in the next few days. One Shanghai-based producer expressed that the producers were still watching the lead market without any concluded deals. This producer held limited lead ingot stock but difficult to conclude transaction because of the weak demand. He also indicated that if the price continue to decline, the producers might tighten the sale to resist the low prices. So the prices may decline little in the next few days. The official of one Henan lead smelting plant said that the high-price materials may make the lead prices stop declining. He said ¡°although the lead ingot will come to the busy season, we consider the lead market will not be weak in slack season and strong in busy season. It is mainly because the disadvantageous economic circumstances in the latter half of this year.¡± Currently, this smelting plant produces in full load, with a monthly production of 4000MT.
