This week’s lead market (9.11-9.18) showed a “V” shaped trend, rising first and then falling. The average price in the domestic market was 16620 yuan/ton over the weekend and 16770 yuan/ton at the beginning of the week, up 0.9%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar indicates the range of rise and fall, and the recent market trend is relatively strong, with the lead ingot market rising for 10 consecutive weeks.

This week, the high volatility trend of Shanghai lead was the main trend, and macro data from the United States has performed well recently. The expectation of the Federal Reserve raising interest rates has declined, which is good for the metal market. On the supply and demand side, the recent operation of refineries has been relatively stable, with little change in both primary and secondary lead. The overall operating rate has slightly increased. In terms of demand, the performance of downstream batteries remains sluggish during the peak season, and the overall improvement of the consumer end is limited, but there is still immediate demand. Overall, the current market sentiment is good and the futures market has performed positively, supporting the high consolidation trend of lead prices. It is expected that in the short term, the gold nine silver ten expectations will still exist, and the overall high consolidation trend of lead prices will be the main trend.

On September 17th, the base metal index stood at 1238 points, unchanged from yesterday, a decrease of 23.39% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 92.83% from the lowest point of 642 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were a total of 12 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 37th week of 2023 (September 11th to September 15th), with the top three commodities in terms of increase being metal silicon (3.89%), silver (2.72%), and zinc (2.39%). There are a total of four products that have decreased compared to the previous month, with nickel (-1.47%), praseodymium neodymium oxide (-1.41%), and cobalt (-0.39%) being the top three products in terms of decline. This week’s average increase or decrease was 0.59%.