Affected by the negative fundamentals on Wednesday night, most non-ferrous metals fell, led by tin and aluminum. As of the 28th, the settlement price of Shanghai lead 2112 contract was 15705 yuan / ton, down 1.41%.

Recently, the lead price has continued to rise, the profits of smelters have recovered, and the start-up of renewable lead enterprises has gradually recovered. However, due to the influence of limited power policy in some areas, the resumption of production is slow. After the festival, the overall operating rate of downstream storage enterprises increased, and the operation in some areas affected by the restricted power policy was slightly worse. Today, the market price fell, the market bargain hunting inquiry increased, and the overall inventory is still high. It is expected that the lead price will operate steadily and downward.