This week’s lead market (2.24-3.3) rose first and then fell, and fell overall. The average price of the domestic market was 15170 yuan/ton at the end of last week and 15135 yuan/ton at the end of this week, down 0.23%.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. Since the market entered September, the expectation of downstream battery enterprises in the peak season has increased, driving the price of primary lead to rise. After the end of the peak season, the price continued to weaken, and the price rose slightly after the holiday.

In the futures market, the price of lead fell after the shock this week, with the shock range of US $2000-2175/ton, which was little changed from last week’s price. At the beginning of this week, the US dollar index rose sharply, and the metal market was generally under pressure. At the middle of the week, the US dollar index was volatile, and the lead was rebounded. However, due to the negative economic data, the expectation of interest rate increase was strengthened, the US dollar index strengthened again, and the trend of the week was volatile. The trend of Shanghai lead rose first and then fell this week. The main operating range is 15050-15500 yuan/ton, which is slightly weak on the whole. However, with the convening of the domestic conference, the market is expected to have a good aftermarket, which may be beneficial to the market. On the whole, the lead market is still in the traditional off-season.

The trend of the spot market this week was similar to that of Shanghai Lead, which rose first and then fell, and then declined as a whole. On the supply side, the operating rate of primary lead has basically returned to normal, and the operating rate of renewable lead is relatively stable, while the price difference between the two is relatively small at about 50 yuan/ton. Downstream battery enterprises have maintained a stable replenishment status since the resumption of work. However, due to the fact that the industry is still in the traditional off-season, the overall construction is still low, and the downstream is still in need of procurement. In a comprehensive view, the supply and demand of lead ingot market increased, but the downstream demand remained just in demand, with insufficient support. It is expected that the future market will remain volatile and weak, and the volatility will still follow the macro factors.

The base metal index stood at 1231 points on March 4, which was the same as yesterday, down 23.82% from the highest point of 1616 points in the cycle (2022-03-09), and up 91.74% from the lowest point of 642 points on November 24, 2015. (Note: the period refers to 2011-12-01 to now).

According to the price monitoring of the Business News Agency, there were 6 commodities in the non-ferrous sector in the list of commodity prices rising and falling in the 9th week of 2023 (2.27-3.3), with cobalt (1.57%), aluminum (1.29%) and copper (1.29%) among the top three commodities. There are 14 commodities with a month-on-month decline and 6 commodities with a decline of more than 5%, accounting for 26.1% of the monitored commodities in this sector; The top three products falling were dysprosium ferroalloy (- 8.99%), dysprosium oxide (- 8.29%) and praseodymium neodymium oxide (- 6.57%). This week’s average rise and fall was – 2.2%