This week, the lead market (4.8-4.15) fell first and then rose, with overall narrow fluctuations. The average price in the domestic market was 16415 yuan/ton last week, and 16515 yuan/ton this week, up 0.61%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar indicates the range of fluctuations, and the overall market trend has been stable, moderate, and strong in recent times. The lead ingot market has had relatively small fluctuations in recent times.

This week, the lead ingot market continued to maintain a off-season trend, with the market mainly following the narrow fluctuations of the futures market. The trend in this cycle fell first and then rose. Limited fluctuations. From a supply perspective, the domestic lead concentrate market still has a tight supply. The native lead enterprise has recently undergone maintenance and has not resumed work as of now, resulting in a slightly tight supply of native lead. Most companies in the field of recycled lead resumed work within the month, and the production of recycled lead rebounded, offsetting the decline in production caused by the reduction in primary lead production. Overall, the production of lead ingots has remained stable in the near future. From April to May, it is a low season for downstream battery companies in terms of demand. Battery companies have started production relatively low, and their intention to purchase raw materials such as lead ingots is also weak. Overall, they will maintain a focus on replenishing essential inventory. Overall, the supply of lead ingots is relatively stable. In terms of demand, it is in a seasonal off-season. The recent changes in supply and demand have been limited, and the market is operating weakly, but overall fluctuations are not significant. It is expected that the market will continue to experience narrow fluctuations in the short term.

Industry data:

On April 14th, the base metal index was 1269 points, unchanged from yesterday, a decrease of 21.47% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 97.66% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On April 14th, the non-ferrous index was 1186 points, unchanged from yesterday, a decrease of 22.89% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 95.39% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, in the 15th week of 2024 (4.8-4.12), there were a total of 11 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. Among them, there were 2 commodities with an increase of more than 5%, accounting for 8% of the monitored commodities in this sector; The top three commodities with the highest increase were tin (5.64%), zinc (5.22%), and silver (4.32%). There are a total of 9 products with a month on month decline, and the top 3 products with the largest decline are dysprosium oxide (-1.96%), praseodymium metal (-1.89%), and praseodymium neodymium oxide (-1.28%). The average increase and decrease this week is 0.64%.