This week’s lead market “V” trend, a weekly increase of 0.23% (4.22-4.26)

Price Trend

This week’s lead market (04.22-04.26) “V” trend, the average domestic market price at the beginning of the week at 16 625 yuan / ton, weekend at 16 662.50 yuan / ton, a weekly increase of 0.23%.

The lead commodity index on April 27 was 101.41, unchanged from yesterday, down 24.33% from the cyclical peak of 134.01 points (2016-11-29), and up 35.88% from the lowest point of 74.63 on March 19, 2015. (Note: Period refers to 2011-09-01 to date).

II. Market Trend Analysis

Domestic market: This week, the main trading range of spot lead is 16450-16700 yuan/ton. The downstream battery companies are easing their fear of falling, but continue to purchase more on demand, maintain low inventory, and overall turnover has not significantly improved. As of Friday, the main sources of goods in the market are concentrated in Jinsha, Nanfang and Tongguan, etc. The mainstream quotation of brand lead in Shanghai maintained at 16650-16850 yuan/ton.

Domestic events:

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Lithium Battery VS Lead-acid Battery Who Will Be Better

“Technical Specification for Electric Bicycle Safety” was formally implemented on April 15 this year. This is another game between lithium batteries and lead-acid batteries in the electric bicycle market. In this game, lithium batteries are also gaining the upper hand gradually. We can even predict that most of the products that will appear in the future mini-electric vehicle market will be products with lithium batteries. Of course, these products are manufactured according to the relevant regulations and requirements of the state. However, it is self-evident whether it is still the earliest generation of bicycle that people need and whether it deviates from the original intention of the market. According to the requirements of the new national standard, the weight of the waste battery of electric vehicles (including batteries) should not exceed 55 kg. The most direct way to reduce the weight of electric vehicles is to replace lead-acid batteries with lithium batteries.

The survey shows that the pollution of electric vehicles is much more serious than that of diesel vehicles.

Recently, new energy vehicles have again become the focus of public attention. Unlike the previous financial crisis of the automobile factory and the lace news of the owner, today’s electric vehicle companies may face a series of trust crises. Just last week, the Ifo Institute of Economics in Germany published a research report saying that if we convert electricity consumption into carbon dioxide emissions and take into account lithium battery production and related energy consumption, the carbon dioxide emissions of electric vehicles may be 11% to 28% higher than those of ordinary fuel vehicles – that is to say, electric vehicles not only have no help to improve the environment, but also improve it. One-step release of pollutants. Although the issue of hardware safety has a greater impact and dissemination than the German agency’s report, the pollutant emissions studied in this report are obviously an equally important and important aspect that cannot be ignored.

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Non-ferrous industry: This week, the US data is bright, the euro zone data is weak, the US dollar index has finally got rid of the oscillating platform range in the past two years, hitting a two-year high of 98.3. Most of the basic metals are under pressure, and the May Day is coming. Risk aversion factors and weak consumption make most of the products difficult to highlight.

3. Prospects for the Future Market

Next week, there will be only two trading days in China. The market will focus on risk aversion, position reduction and inventory reduction. It is expected that most items will remain volatile and will return after the festival to await the guidance of the external market.

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