This week, the lead market (9.2-9.9) rose in a volatile way. The average price of the domestic market was 14855 yuan/ton last weekend and 14940 yuan/ton this weekend, up 0.57%.

The K-bar chart of commodity prices uses the concept of the K-line of price trend to reflect the weekly or monthly price changes in the form of a bar chart. Investors can buy, sell and invest according to the changes of the K-bar chart. Red indicates rising; Green means falling; The height of the K column indicates the range of rise and fall.

According to the price monitoring of the business community, there are 14 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 36th week of 2022 (9.5-9.9), including 2 kinds of commodities with an increase of more than 5%, accounting for 8.7% of the monitored commodities in this sector; The top three commodities with growth were nickel (7.49%), neodymium oxide (6.50%) and copper (4.88%). There were three commodities with a month on month decline, and the top three products were titanium concentrate (- 0.95%), cobalt (- 0.61%) and magnesium (- 0.39%). This week’s average increase / decrease was 1.64%.

Lead futures market this week

Variety., closing price., compared with the same period last week., inventory

Shanghai lead, 14930 yuan / ton, + 60 yuan / ton, 67290 tons

London lead., 1933.5 US dollars / ton, + 47 US dollars / ton, 36750 tons

In terms of futures, Lun Lead kept a volatile trend this week, with an overall range of 1875-1915 dollars/ton. This week is approaching the day when the Federal Reserve raised interest rates. The tough economic data makes the market expect the Federal Reserve to raise interest rates significantly, and the dollar index hit a new high of 110.79. At the same time, the euro, yen and other currencies hit new lows. With the strengthening of the US dollar, the metal market was generally under pressure, and Lun lead was under pressure. From the 5th to the 9th, Lun lead went down continuously. However, the trend of Shanghai lead this week is significantly different from that of Lun lead, with the overall trend rising first and then falling. The main operating range is 14795-15135 yuan / ton. The bad news brought by macro factors was basically digested by the market. Shanghai Lead rose continuously this Thursday, and fell under pressure on Friday, closing at 14930 yuan/ton. In terms of inventory, the overall inventory decline this week has certain support for Shanghai lead.

Fundamentally speaking, the lead processing fee is gradually rising, the lead ore supply is also relaxed, and the tight supply situation at the mine end has been effectively alleviated. The power limitation policies in Henan, Hunan and other places have basically ended, and the operating rate of domestic smelters has increased significantly. With the original lead manufacturers starting to arrange for resumption of production, the situation of loose supply will continue to exist, which will put some pressure on the lead ingot Market. The demand of the downstream battery enterprises in the peak season began to show, the automobile sales were expected to grow to a certain extent, and the downstream power exchange demand began to improve. The operating rate of the battery enterprises rose steadily, and the market expectation in the peak season was enhanced. The improvement of the downstream demand supports the lead ingot Market. At present, the market shows a double increase in supply and demand. It is expected that the lead price will maintain a wide fluctuation trend in the future. The future market will focus on the recovery of downstream demand and the expectation of lead peak season.