This week, the lead market (3.11-3.18) “V” trend. The average price of the domestic market was 15125 yuan / ton last weekend and 15165 yuan / ton this weekend, with a weekly increase of 0.26%.

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

According to the price monitoring of the trading society, there are five commodities in the list of commodity prices rising and falling in the non-ferrous sector in the 11th week of 2022 (3.14-3.18). The top three commodities are aluminum (2.83%), antimony (2.15%) and copper (1.45%). A total of 17 commodities fell month on month, and 2 commodities fell by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were electrolytic manganese (- 25.70%), praseodymium neodymium alloy (- 5.64%) and neodymium oxide (- 3.45%). The average rise and fall this week was – 2.19%.

In the futures market, Lun lead made a continuous correction this week, with an overall price of US $2230-2320 / ton, down 1% in the week. Mainly due to the high US dollar, the general pressure on the metal market, the overall low operation of Lun lead and the overall low LME inventory. In terms of Shanghai lead, the overall bottom rebounded this week, with a shock range of 14910-15345 yuan / ton. At the beginning of the week, the metal market mentality was mainly downward due to the impact of domestic public health events. On Thursday, the State Council held a financial conference, which sent a signal to maintain stability, boosted market confidence, and the trend of Shanghai lead began to rebound.

The trend of domestic spot market this week is basically consistent with that of Shanghai lead, with an overall “V” trend. Basically, the downstream battery enterprises have basically resumed normal production. Although public health events have occurred in many places in China, there is no obvious impact on the supply of primary lead. The downstream battery enterprises are boosted by the recovery of the overseas market. At present, the production situation is OK, and the operating rate has picked up to a certain extent. However, the domestic market has gradually entered the traditional seasonal off-season, and the demand support is weak. The lead ingot is mainly purchased on demand, the lead ingot price has declined, the domestic market trading is better, some bargain hunting purchases, and the overall inventory has declined to a certain extent.

In the future, the business society believes that the decline in inventory has a certain support for the lead price, but the downstream gradually enters the off-season, and the support for the demand for lead ingots is limited. It is expected that the lead price will still maintain a volatile trend.