The lead market (6.10-6.17) fluctuated in a wide range this week, with a “V” trend. The average price of the domestic market was 14960 yuan / ton last weekend and 15005 yuan / ton this weekend, up 0.3% a week.

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

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 24th week of 2022 (6.13-6.17), there are four kinds of commodities rising month on month in the non-ferrous sector, including one kind of commodity with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top 3 commodities were metallic silicon (7.54%), lead (0.47%) and antimony (0.31%). A total of 11 commodities fell month on month, and the top three products were copper (-2.95%), nickel (-1.77%) and praseodymium neodymium oxide (-1.25%). The average rise and fall this week was -0.14%.

Lead futures market this week

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai lead, 15085 yuan / ton+ 150., 87830 tons

London lead, USD 2050 / T- 92., 38825 tons

In terms of futures, the “V” trend of Lun lead this week, with an overall shock range of $2065-2145 / ton. The dollar hit a new 20-year high during the week. The matrix of the non-ferrous market was under pressure, and the lead price was mainly downward in the first half of the week. Later, with the Federal Reserve raising interest rates by 75 basis points, the market sentiment improved, and Lun lead rebounded and quickly rose. Shanghai lead fell first and then rose as a whole, with a trend similar to that of Lun lead.

In the domestic market, the downstream battery is still in the seasonal off-season recently, the finished product inventory of enterprises is still high, and the demand for lead ingot procurement is weak. In terms of primary lead, there have been a lot of off-season maintenance by manufacturers recently, and the overall operating rate of the smelter is low due to the tight supply at the mine end. The overall performance is weak in both supply and demand. In the off-season, the lead ingot market demand is weak. The recent market fluctuations mainly follow the trend of futures. It is expected that the lead price will maintain a range fluctuation trend in the short term, focusing on the recovery of downstream demand.