This week, the lead market (12.03-12.10) fluctuated downward. The average price of the domestic market was 15168.75 yuan / ton last weekend and 15418.75 yuan / ton this weekend, with a weekly increase of 1.65%.

The commodity price K-bar chart 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, sell and invest 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.

In terms of futures, Lun lead showed a “V” trend, with an overall shock range of US $2182-2300 / ton. At the beginning of the week, the metal market was generally under pressure, and Lun lead fell with it. In the following week, it was boosted by the decline of LME lead inventory and stopped falling and rebounded. The trend of Shanghai lead this week is basically consistent with that of Lun lead. On Tuesday, the futures market stopped falling and rebounded, boosted by the domestic RRR reduction.

In terms of spot market, the trend this week is basically consistent with that of Shanghai lead. Recently, the operation of the smelter is relatively stable and the supply is acceptable. With the increase of spot lead price, the profits of downstream enterprises are squeezed, and the downstream price reduction mentality is strong. Near the end of the year, the output task is basically completed, the sales situation of downstream storage enterprises is relatively general, and the enthusiasm for purchasing primary lead is slightly low, mainly on demand.

According to the price monitoring of the business society, there are 10 commodities in the list of commodity prices rising and falling in the 49th week of 2021 (12.6-12.10). The top three commodities are neodymium (4.21%), lead (3.35%) and cobalt (3.31%). There are 8 kinds of commodities with a month on month decrease, and 1 kind of commodity with a decrease of more than 5%, accounting for 4.5% of the monitored commodities in this sector; The products with the top three declines were silicon (- 7.91%), nickel (- 2.14%) and silver (- 2.07%). The average rise and fall this week was 0.46%, and non-ferrous commodities rose more or fell less this week.

On the whole, most electrolytic lead manufacturers at the supply side have resumed production, and the start-up of recycled lead enterprises has decreased slightly due to environmental protection factors recently. The downstream storage enterprises at the demand side started relatively stably, and still focused on maintaining rigid demand procurement. Under the weak balance of supply and demand, the price of lead may follow the trend of futures and fluctuate weakly.