This week, the lead market (4.8-4.15) “V” trend. The average price of the domestic market was 15415 yuan / ton last weekend and 15375 yuan / ton this weekend, down 0.26% this week.

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 business community, in the list of commodity prices rising and falling in the 15th week of 2022 (4.11-4.15), there are seven kinds of commodities rising month on month in the non-ferrous sector, including one kind with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (10.71%), zinc (3.15%) and silver (2.77%). A total of 14 kinds of commodities decreased month on month, and 5 kinds of commodities decreased by more than 5%, accounting for 21.7% of the monitored commodities in this sector; The products with the top three declines were dysprosium (- 11.07%), praseodymium neodymium alloy (- 6.39%) and praseodymium neodymium oxide (- 5.78%). The average rise and fall this week was – 1.47%.

Lead futures market on April 15, 2022

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai lead, 15490 yuan / ton+ 50., 95914 tons

London lead, US $2448 / ton+ 38., 39825 tons

In terms of futures market: Lun lead is dominated by the shock trend this week, and the overall operation range is US $2365-2450 / ton. At the beginning of the week, the metal market was generally under pressure and the overall performance was poor. The price of Lun lead was dragged down, and then the fundamental crude oil rose again, boosting the market mentality, and Lun lead hit the bottom and rebounded. Shanghai lead fluctuated in the range of 15580-15305 yuan / ton. The inventory rebounded this week, but the overall wait-and-see mood was heavy and the trend was weak. The cumulative decline in the week was 0.1%.

Basically, at present, the operating rate of primary lead enterprises has increased slightly. In terms of recycled lead, due to the limited transportation, the cross provincial transportation has a certain impact, and the overall operating rate is limited. In terms of downstream demand, with the market entering the off-season in April, the demand for storage batteries began to decline, and there were many cases of enterprise burden reduction. Downstream storage battery enterprises mainly purchased on demand, coupled with limited transportation, the demand was suspended.

In the aftermarket, the business community believes that 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 remain volatile, focusing on the impact of the futures market.