The lead market (4.29-5.7) fluctuated upward this week. The average price of the domestic market was 15505 yuan / ton last weekend and 15685 yuan / ton this weekend, up 1.16% 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 trading society, there are six commodities in the list of commodity prices rising and falling in the 18th week of 2022 (5.2-5.6). The top three commodities are magnesium (2.29%), praseodymium neodymium oxide (1.77%) and praseodymium neodymium alloy (1.45%). A total of 9 kinds of commodities decreased month on month, and 1 kind of commodities decreased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The products with the top three declines were nickel (- 5.36%), silver (- 2.74%) and aluminum (- 2.48%). The average rise and fall this week was – 0.36%.

Lead futures market on May 6, 2022

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

Shanghai lead, 15755 yuan / ton+ 175., 82629 tons

London lead, $2230 / ton- 48. 38050 tons

In terms of the futures market, this week’s volatility rose, with the main shock range of US $2240-2333 / ton. There are many holidays this week. During the May Day holiday, Lun lead hit the bottom and rebounded. After the opening of Shanghai lead on Thursday, the center of gravity moved upward and made up for the rise. After the high pressure was put on, it decreased slightly, and the main operation range was 15585-15900 yuan / ton. In terms of inventory, at present, the lead inventory in Lun fell to 38050 tons, the lowest level in recent ten years. The lead inventory in Shanghai fell to 82629 tons this week, the lowest level in recent March.

In the domestic market, the price of lead followed the trend of futures this week, rising 1.16% this week. From a fundamental point of view, the current domestic supply is relatively normal, and the overall supply is rising slowly. At present, the demand side is basically in the off-season, with limited support for the demand for lead ingots, and the current performance of export orders is also relatively general. The overall situation is in a double weak pattern of supply and demand. It is expected that the lead price will still maintain a volatile trend. The off-season price mainly follows the trend of the futures market and is boosted by the decline of inventory. It is expected that the lead ingot price will maintain a volatile trend, focusing on the impact of the futures market.