This week, the lead market (9.9-9.16) rose in a volatile way. The average price of the domestic market was 14940 yuan/ton last weekend and 14950 yuan/ton this weekend, up 0.07%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall.

According to the price monitoring of the business community, there are 13 kinds of commodities in the nonferrous metal sector that rose month on month in the 37th week of 2022 (9.12-9.16) list of commodity price rises and falls. The top three commodities that rose were praseodymium metal (4.52%), praseodymium oxide (3.97%) and silver (2.48%). There were seven kinds of commodities with a month on month decline, and the top three products with a decline were magnesium (-1.98%), copper (-1.49%) and tin (-1.48%). The average rise or fall this week was 0.59%.

Lead futures market this week

Variety., closing price., compared with the same period last week., inventory

Shanghai Lead, 14925 yuan/ton, – 5 yuan/ton, 79745 tons

London lead, 1885 dollars/ton, – 48.5 dollars/ton, 34400 tons

In terms of futures market, Lun Pb fell “V” this week. The overall shock range was 1905-1975 US dollars/ton, with a weekly drop of about 1.4%. Macroscopic factors fluctuated frequently this week. The low inventory of Lun Pb supported the high price of lead at the beginning of the week, and it fell about 2.6% on a single day until Thursday. In terms of lead in Shanghai, this week’s rise and fall has been reversed. On Monday, the macro impact has been basically digested. The pressure on lead in Shanghai has eased, and the price has risen mainly. Macro data released on Tuesday showed that the market expected to raise interest rates, and Shanghai Lead fell under pressure. In the near future, the macro performance has been mixed with positive and negative, and the market is mainly volatile.

In terms of the spot market, Shanghai plumbum rose this week and then fell back, closing 0.1% lower. The trend of the spot market coincided with that of Shanghai plumbum, rising 10 yuan/ton this week. Fundamentally speaking, the operating rate of smelters this week is the main factor, and the primary lead output has rebounded to a certain extent. At present, the lead processing fee is gradually rising, the lead ore supply is also relaxed, and the tight supply situation at the mine end has been effectively alleviated. The demand of downstream battery enterprises began to show in the peak season. There was a certain expectation of growth in automobile sales, and the downstream demand for power replacement began to improve. The operating rate of battery enterprises picked up steadily, and the orders of battery enterprises improved. On the whole, the supply and demand of lead fundamentals have increased, and the market peak season is expected to strengthen. It is expected that the lead price in the future will continue to fluctuate widely. With the increase of peak season expectations, the price will have some room to rise. The future market will focus on the recovery of downstream demand and the expectation of lead peak season.