This week, the lead market (7.8-7.15) fell after a shock. The average price of the domestic market was 14900 yuan / ton last weekend and 14630 yuan / ton this weekend, down 1.81% this week.

The K-bar chart of commodity prices uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of a bar chart. Investors can buy and sell investments according to the changes of the K-bar chart. Red means: rising; Green means: down; 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 28th week of 2022 (7.11-7.15), there is a total of one commodity rising in the non-ferrous sector, and the rising commodity is metallic silicon (2.43%). A total of 20 commodities fell month on month, with a total of 6 commodities falling by more than 5%, accounting for 26.1% of the monitored commodities in this sector; The products with the top three declines were nickel (-8.74%), zinc (-6.02%) and praseodymium neodymium alloy (-5.94%). The average rise and fall this week was -2.84%.

Lead futures market this week

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

Shanghai lead, 14650 yuan / ton- 220 yuan / ton, 87931 tons

London lead, 1939 dollars / ton+ 14 dollars / ton, 39225 tons

In terms of the futures market, the overall decline this week did not rebound on the 12th. On the night of the 11th, the dollar rose sharply, the crude oil price fell significantly, the overall performance of the metal market rose and fell, and the lead price trend was stronger. Lun lead and Shanghai lead rose more than 1% at night. Shanghai lead continued to rise in early trading on the 12th, rising 1.52% as of the close. In terms of inventory, LME inventory was generally stable this week, and the inventory in the previous period fell.

In terms of supply, the recent overhaul of the smelter was completed, the operating rate was increased, and the lead supply was restored. In terms of recycled lead, Anhui, the main production area, is limited, and the recent production is likely to decline, which is good for primary lead. The recent performance of the demand side is still off-season, but with the improvement of car sales, the recent start-up of battery enterprises has increased to a certain extent. In terms of the spot market, most of them kept a wait-and-see attitude this week because of the approaching delivery. With the obvious decline in prices, it is expected that downstream storage enterprises will have a certain intention of receiving goods. Under the pattern of both supply and demand, it is expected that the lead price will be stable, medium and strong in the future.