The lead market (10.28-11.04) continued to rise slightly this week. The average price of the domestic market was 15045 yuan/ton last weekend and 15145 yuan/ton this weekend, up 0.66%.

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 peak season has increased, driving the price of primary lead to rise.

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, 15230 yuan/ton,+180 yuan/ton, 43942 tons, – 9751

London lead., 1985.5 USD/ton., – 6.5 USD/ton., 27,625 tons., – 625

The futures market fluctuated widely this week. The price fluctuated widely a few days ago, and strengthened near the weekend. LME lead inventory continued to fall, Shanghai lead inventory fell significantly, and the spot market maintained a small increase.

From the basic point of view, as the downstream battery peak season is expected to gradually increase after September, the lead ingot is better supported. In terms of supply, the import situation at the mine end was not as good as the market expectation, the overall supply was still tight, and the overall operating rate of domestic production enterprises increased slightly. The production of renewable lead enterprises is good in the near future, and the resumption of production is active, and the overall supply of lead is slightly improved. The production of downstream battery enterprises has been good since the peak season, and the overall demand for lead ingots is well supported. In general, the supply and demand of lead are increasing on the basic level, the market peak season is expected to be strong, and the trading is good. As we entered November, the battery industry began to enter the end of the peak season. Although the recent commencement of battery enterprises did not decline, the data from terminal consumption showed that the market had some expectations of decline. It is expected that the lead price in the future will continue to fluctuate in a wide range. After losing the downstream support, the price will mainly follow the macro factors.

According to the price monitoring of the business community, there are seven kinds of commodities in the nonferrous metal sector that have risen month on month in the list of commodity price rises and falls in the 44th week of 2022 (10.31-11.4), with nickel (4.99%), zinc (2.49%) and silver (2.03%) in the top three. There were 14 kinds of goods that declined month on month, and 1 kind of goods that declined more than 5%, accounting for 4.3% of the number of monitored goods in this sector; The top three products of the decline were praseodymium oxide (-5.52%), praseodymium metal (-3.17%) and neodymium oxide (-2.68%). The average rise and fall this week was -0.58%.