This week, the lead market (10.29-11.5) fluctuated downward. The average price of the domestic market was 15618.75 yuan / ton last weekend and 15475 yuan / ton this weekend, down 0.92% this week.

The commodity price K-bar chart uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy, sell and invest according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, lead prices have fallen for two consecutive weeks.

This week, Lun lead’s market was dominated by weak shocks, and the mainstream range was between 2330-2410 US dollars / ton. At the beginning of the week, the US dollar fluctuated upward, the base metals were generally under pressure, and most of the shocks went downward. Lun lead was affected by weak overall, and fell for three consecutive weeks. Shanghai lead fluctuated as a whole. Affected by the black market, the trend in the week was weak.

The spot market mainly follows the trend of Shanghai lead, mainly with weak shocks, and the lead inventory is still high. During the week, some original lead manufacturers in the South resumed production. The impact of power restriction policy on the overall market is gradually weak, and the downstream demand gradually picks up. However, at present, the social inventory is high and the output brought by the resumption of production is large. Although supported by downstream demand, it still mainly consumes the current inventory.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 44th week (11.1-11.5) of 2021, there are 13 kinds of commodities rising month on month in the non-ferrous sector, including 7 kinds of commodities rising by more than 5%, accounting for 31.8% of the monitored commodities in the sector; The top three commodities were praseodymium neodymium oxide (9.41%), praseodymium neodymium alloy (9.30%) and metal neodymium (8.38%). A total of 9 kinds of commodities decreased month on month, and 3 kinds of commodities decreased by more than 5%, accounting for 13.6% of the monitored commodities in this sector; The products with the top three declines were silicon (- 22.21%), aluminum (- 7.78%) and zinc (- 5.18%). The average rise and fall this week was 0.67%, and the nonferrous metal market rose more or fell less this week.

The demand brought by the annual task of storage enterprises basically offset the output growth brought by re production manufacturers. There are many negative factors in recent fundamentals, and it is expected that the lead price will be stable and weak.