Lead market (4.19-4.23) prices rose. The average domestic market price was 15008.33 yuan/ton at the beginning of the week and 15291.67 yuan/ton at the weekend, a weekly increase of 1.89%.

The Lead Commodity Index on April 24 was 93.06, which was a 30.56% drop from the cycle high of 134.01 points (2016-11-29), and a 24.70% increase from the lowest point of 74.63 on March 19, 2015. (Note: Period refers to 2011-09-01 to present).

Last week, LME lead fluctuated widely, with the main range being USD 2000-2070/ton. Affected by the fall of the US dollar index in the first half of the week, non-ferrous metals collectively rose, and LME lead rose to its highest point in nearly a month. In the second half of the week, as information about public health incidents in India was exposed, non-ferrous metals declined significantly, and LME lead fell by more than 1%. Shanghai Lead’s main monthly change last week was converted to a 2016 contract. The overall trend was good. The domestic macro data provided strong support for the metal market. Last week, the Shanghai lead fluctuated at 14900-15500 yuan/ton.

Last week, the spot lead market trend was close to that of Shanghai lead. With the delivery of downstream battery factories, the social inventory of primary lead declined, which supported lead prices to a certain extent. Coupled with the maintenance plan of primary lead manufacturers at the end of the month, the supply of primary lead is expected to decrease in the market outlook, and the market is expected to improve. However, although there is downstream demand, the demand has not yet increased and the support for lead prices is limited.

According to SunSirs price monitoring, in the 16th week of 2021 (4.19-4.23), the non-ferrous sector has 9 commodities with a month-on-month rise in the commodity price list. Among them, there are 1 commodities with an increase of more than 5%, accounting for the number of monitored commodities in this sector The top 3 commodities were magnesium (5.74%), silver (2.06%), and lead (1.89%). There are 12 kinds of commodities with a month-on-month decline. There are 2 kinds of commodities with a decline of more than 5%, accounting for 9.1% of the number of monitored commodities in this sector; the top 3 products with a decline are neodymium metal (-5.94%) and antimony (-5.54%). ), neodymium oxide (-3.46%). The average increase and decrease last week was -0.81%. The overall decline is more and less.

SunSirs predicts that near the 51st holiday, some manufacturers have a certain intention to stock up, but the downstream is in the off-season as a whole, and the purchase volume is still not open, so the support is limited. The price of primary lead is expected to be stable and slightly upward.

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