This week, the lead market (11.11-11.18) went up slightly. The average price of the domestic market was 15410 yuan/ton last weekend and 15505 yuan/ton this weekend, up 0.62%.

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./Compared with the same period of last week./Inventory./Compared with the same period of last week

Shanghai lead./15670 yuan/ton./- 10 yuan/ton./45265 tons./+634

London lead./2158.5 US dollars/ton./- 1 US dollars/ton./29625 tons./+400

In terms of futures market, this week’s trend first rose and then fell, reaching the highest point in recent five months. Macroscopically, the US dollar index fell back continuously this week. The market’s expectation of the US Federal Reserve’s interest rate increase was low. The market was optimistic. The negative and positive factors were intertwined. The overall trend rose first and then fell. The trend of Shanghai Lead is basically similar to that of Lun Lead, with an overall shock range of 15,500-16,030 yuan/ton. At the beginning of the week, the price rose to the highest point in nearly 8 months due to the double positive effects at home and abroad. Later, the market’s expectation of interest rate increase was weak, and the price fell back. In terms of inventory, this week saw an overall increase.

Fundamentally speaking, the import situation of the mine end in terms of 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 overall supply of lead is slightly increased compared with the early stage. However, as the price of lead ingots continues to rise in the near future, the downstream receiving of goods has slowed down to a certain extent. The recent price drop of recycled lead has squeezed the market space of some primary lead, and the overall inventory of lead ingots has risen. The production of downstream battery enterprises has been good since the peak season, but as the weather turns cold, the peak season is coming to an end, and the market expects the demand for lead to decline in the future. To sum up, the basic supply of lead is increasing and the demand is weak. 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 lead ingot market is still positive. It is expected that the future market will remain stable and strong, and the short-term trend will mainly follow the macro factors.

According to the price monitoring of the business community, there are 12 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 46th week of 2022 (11.14-11.18), with tin (3.07%), aluminum (2.54%) and dysprosium oxide (1.77%) in the top three. There were 7 kinds of commodities falling month on month, with the top three products falling by 1.97% for copper, 1.64% for magnesium and 1.48% for praseodymium oxide. The average rise and fall this week was 0.27%.