According to the monitoring of the commodity market analysis system of Shengyi Society, as of May 30th, the price of lead 1 # was 16475 yuan/ton, a decrease of 1.67% from the lead price of 16755 yuan/ton on May 26th.
This week’s market analysis
This week, the price fell below the key psychological level of 16600 yuan. At the same time, the capacity utilization rate of recycled lead has rebounded to a level of over 60%. Coupled with the decline in battery export data compared to the previous cycle, in the short term, the market may continue to be weak and explore bottom support.
supply end
In the lead spot trading market, the Shanghai lead price continues to maintain a weak consolidation trend, and the willingness of holders to ship is not strong. Their quoted quantity has decreased compared to yesterday. There is a strong sentiment of reluctance to sell and raise prices in recycled lead factories.
demand side
Most downstream companies are adopting a wait-and-see attitude, cautious in their procurement behavior, and some companies have even planned to arrange holidays. Due to the fact that there is no need to supplement scattered orders for pre holiday production, the transaction situation in the spot market has not shown significant improvement so far.
comprehensive analysis
The cost side support and production reduction measures work together to provide a certain degree of resilience for market prices. However, the seasonal weakening of demand has limited the upward space for prices. Lead prices are expected to bottom out in the short term.