This week’s lead market (4.7-4.14) fluctuated. The average price in the domestic market was 15230 yuan/ton last weekend, and it is flat at 15230 yuan/ton this weekend.

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-bar represents the range of fluctuations. Since the market entered September, the expectations of downstream battery companies have increased during the peak season, driving the price of primary lead to rise. After the peak season ended, prices continued to weaken, and prices fluctuated after the holiday.

In terms of the futures market, the lead price fluctuated this week, with limited overall volatility. In terms of the spot market, the trend this week remained consistent with that of Shanghai Lead, with overall volatility. Fundamentally speaking, there has been a simultaneous maintenance and resumption of production in primary lead enterprises in the near future. The production of primary lead has not changed much recently, and the production of recycled lead has been on the low side recently. The supply of lead ingots has slightly weakened. In terms of demand, downstream battery companies are still in a seasonal off-season. Currently, the overall inventory of enterprises is accumulated, and the demand for lead ingots is weak. In the future, the market still maintains a weak and volatile trend, with limited market volatility in the off-season due to small changes in supply and demand.

On April 15th, the base metal index stood at 1229 points, unchanged from yesterday, a decrease of 23.95% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 91.43% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of Business Society, in the 15th week of 2023 (4.10-4.14), there were a total of 9 commodities in the non-ferrous sector that rose month on month in the list of commodity prices. Among them, there was 1 commodity that increased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The top three commodities with the highest increase were magnesium (25.38%), silver (4.82%), and nickel (4.53%). There are a total of 11 products with a month on month decrease, and 5 products with a decrease of over 5%, accounting for 21.7% of the monitored products in this sector; The top three products in the decline were neodymium oxide (-8.26%), praseodymium oxide (-7.48%), and praseodymium neodymium alloy (-6.00%). This week’s average increase or decrease was -0.27%.