This week, the trend of lead market (7.29-8.5) fell first and then rose. The average price of domestic market was 15195 yuan / ton last weekend and 15135 yuan / ton this weekend, down 0.39%.

The K-bar chart of commodity price reflects the weekly or monthly price changes in the form of a bar chart by using the idea of the K-line of price trend. Investors can buy and sell according to the changes of the K-bar chart. Red indicates rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, in the list of commodity price rises and falls in the 31st week of 2022 (8.1-8.5), there are 4 commodities in the non-ferrous sector that have increased month on month, and the top 3 commodities are gold (1.39%), zinc (1.27%) and aluminum (0.56%). There were 16 commodities with a month on month decline, and 4 commodities with a decline of more than 5%, accounting for 17.4% of the monitored commodities in this sector; The products with the top three declines were neodymium oxide (- 6.14%), praseodymium oxide (- 5.85%) and metal neodymium (- 5.58%). This week’s average increase or decrease was – 1.9%.

Lead futures market situation this week

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

Shanghai lead, 15185 yuan / ton, – 55 yuan / ton, 60056 tons

London lead., 2079.5 US dollars / ton, + 43 US dollars / ton, 38875 tons

In terms of futures, Lun lead was under pressure this week, with the overall operating range of US $2060-2001 / ton. In terms of the macro situation this week, the geopolitical situation was tense and the risk aversion psychology was strong. The metal market was generally under pressure and the trend of Shanghai lead was basically similar to that at the beginning of the week. On Friday, the metal market mentality was boosted by the fall of the US dollar index. The metal market as a whole rose, and the price of Shanghai lead rose slightly.

Basically, the supply has not changed much recently. The refineries have completed maintenance and resumed production one after another. This week, the output of primary lead is relatively stable. On the downstream side, boosted by the end of the seasonal off-season and the coming of the peak season, the sales of storage batteries have improved to a certain extent, which has significantly supported the lead price. However, with the lead price rising, the actual transaction situation in the current market is lower than that in the previous period, and the whole downstream is on the sidelines. In terms of inventory, the overall performance of lead inventory removal is relatively slow. In a comprehensive view, the current macro performance of the lead ingot Market is acceptable. The demand in the downstream peak season is expected to increase, which has a certain support for the lead price. It is expected that the lead price will have a certain room to rise under the boost of demand. In the case of Limited changes in the fundamentals, focus on the macro impact.