On May 22, the benchmark price of lead in SunSirs was 15230.00 RMB/ton, an increase of 0.13% compared with the beginning of this month (15210.00 RMB/ton).

In the futures market, Shanghai lead first fell and then rose this week. Since Wednesday, the price has risen for three consecutive days. On Friday, the main contract of Shanghai lead 2306 rose by 125 RMB/ton in a single day, while the spot market continued to rise in prices, and the overall market sentiment was on the sidelines. , the actual trading is slightly deserted. The trend of the spot market closely follows the trend of futures, the market is dominated by long-term cooperation, and the transaction of loose orders is limited. There has been little change in supply and demand. On the supply side, enterprises have recently resumed production due to overhaul. The supply is sufficient compared with the previous period, and social inventories have also increased to a certain extent.

The latest data from the National Bureau of Statistics shows that China's lead output in April 2023 was 614,000 tons, a year-on-year increase of 3.9% and a month-on-month decrease of 19.53%. Mainly due to the maintenance of major production areas such as Henan and Yunnan in March, the total output fell significantly.

Overall, after the festival, the market supply has increased slightly but the demand is still weak. In terms of the market outlook, SunSirs predicts that the trend will remain weak and volatile in the short term, and the market fluctuations in the off-season are limited.

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