The lead market (3.4-3.11) rose first and then fell this week. The average price of the domestic market was 15365 yuan / ton last weekend and 15125 yuan / ton this weekend, down 1.56% 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 10th week of 2022 (3.7-3.11), there are seven kinds of commodities rising month on month in the non-ferrous sector, including one kind of commodity with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (9.37%), metallic silicon (2.35%) and antimony (1.56%). A total of 15 kinds of commodities decreased month on month, and 2 kinds of commodities decreased 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 (- 11.01%), aluminum (- 8.31%) and zinc (- 3.96%). The average rise and fall this week was – 1.44%.

Futures market: Lun lead rose first and then fell this week, with the overall shock range of US $2350-2700 / ton. Affected by the situation in Russia and Ukraine at the beginning of the week, the overall market was dominated, with Lun lead rising. Later, with the easing of the situation, the market began to fall back and gradually return to normal. Shanghai lead rose and fell this week, basically following the trend of Lun lead, with an overall shock of 15150-16465 yuan / ton.

From a fundamental point of view, the downstream storage enterprises have gradually entered the traditional off-season, with weak demand support, and lead ingots are mainly purchased on demand. In the future, the business community believes that the downstream has entered the traditional off-season. In addition, the overall high lead ingot inventory affects the rising space of lead price. Under the influence of the current international situation, the metal market is generally stronger, and the price of lead is difficult to have a large upward space due to the restriction of demand and high inventory, It is expected that the operation is mainly stable, medium and strong.