This week, the lead market (12.02-12.09) moved up in a volatile way. The average price of the domestic market was 15520 yuan/ton last weekend and 15610 yuan/ton this weekend, up 0.58%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. Since the market entered September, the expectation of downstream battery enterprises in the peak season has increased, driving the price of primary lead to rise. After the peak season, the price has weakened.

Lead futures market this week

Variety./Closing price./Compared with the same period of last week./Inventory./Compared with the same period of last week

Shanghai lead./15820 yuan/ton./+60 yuan/ton./44001 tons./+5313

London lead./2167 dollars/ton./- 46 dollars/ton./24350 tons./- 600

In terms of the futures market, the trend of the futures market was volatile this week, with a small fluctuation range of 2185-2240 dollars/ton. At the beginning of the week, affected by the expectation of the Federal Reserve to raise interest rates, the price of Lun Pb strengthened and reached a high in the past six months. Later, with the release of the good news, the price gradually fell. Near the weekend, the overseas data showed average performance and the trend was slightly consolidation.

Since the middle of November, as the weather turns cold, the peak season for battery enterprises is coming to an end, and the lead price has started to recover slightly due to the impact, but the overall price remains at a high level. In terms of supply, most primary lead enterprises maintain normal production at present, with little change in operating rate. Due to the limited transportation areas and the limited transportation of waste batteries, the renewable lead enterprises have a slight shortage of raw materials, and the recent construction has declined. In terms of downstream demand, as the weather turns cold, the battery production industry once again enters the seasonal slack season, with an obvious decline in the operating rate and the demand for lead ingots. In general, the lead ingot market has entered the off-season. Affected by this, the price of lead ingot has continued to decline in the near future. The short-term trend continues to follow the fluctuation of macro factors. In the long run, there is still some room for decline.

According to the price monitoring of the business community, there are 8 kinds of commodities in the nonferrous metal sector that rose month on month in the list of commodity price rises and falls in the 49th week of 2022 (12.5-12.9). The top three commodities that rose were nickel (3.91%), dysprosium oxide (2.37%) and praseodymium neodymium oxide (2.25%). There were 9 kinds of commodities that declined month on month, and the top three products that declined were metal silicon (-2.77%), aluminum (-1.36%) and silver (-1.36%). The average rise or fall this week was 0.2%.