This week, the lead market (11.04-11.11) went up slightly. The average price in the domestic market was 15145 yuan/ton last weekend and 15410 yuan/ton this weekend, up 1.75%.

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. Since the market entered September, the expectation of downstream battery enterprises in peak season has increased, driving the price of primary lead to rise.

Lead futures market this week

Variety/. Closing price/. YoY/. Inventory/. YoY

Shanghai Lead/. 15680 yuan/ton/.+450 yuan/ton/. 44631 tons/.+689

London lead/. 2159.5 US dollars/ton/.+174 US dollars/ton/. 27100 tons/. – 250

The overall trend of the futures market was strong this week, with Lun Pb hitting a high in three months on Friday. There are many macro positive factors this week. The market sentiment of the Federal Reserve’s interest rate increase has warmed up. On Friday, a new policy was introduced to improve the domestic market. The metal market was boosted. This week, the main actor, Shanghai Lead, surged to the highest point in nearly half a year this Friday.

Fundamentally speaking, the import of the ore end in terms of supply is not as good as the market expectation, the overall supply is still tight, and the overall operating rate of domestic production enterprises has slightly increased. The production of renewable lead enterprises is good in the near future, and the resumption of production is active, and the overall supply of lead is slightly improved. The production of downstream battery enterprises has been good since the peak season, but as the weather turns cold, the peak season will gradually end in the downstream. The market expects that the demand for lead will decline in the future, and the lead ingot inventory will remain de stocked as a whole. To sum up, the supply and demand of lead in the current fundamentals have increased, the market peak season is expected to come to an end, and the trading is fair. Although the downstream peak season is coming to an end, the lead ingot export situation is good in the near future, and the market has a strong expectation of future export. On the whole, the positive factors in the lead ingot market prevail, and it is expected that the future market will remain stable and strong.

According to the price monitoring of the business community, there are 10 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 45th week of 2022 (11.7-11.11), of which there are 3 kinds of commodities that have risen by more than 5%, accounting for 13% of the number of commodities monitored in this sector; The top three commodities were nickel (7.52%), tin (6.07%) and silver (5.08%). There were 10 kinds of commodities falling month on month, with antimony (-1.63%), praseodymium oxide (-1.46%) and praseodymium metal (-1.09%) as the top three products. This week, the average rise or fall was 1.06%.