This week, the lead market (12.04-12.11) fluctuated downward, with the average price in the domestic market at 15755 yuan/ton at the beginning of last week and 15565 yuan/ton at the beginning of this week, a decrease of 1.21%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar indicates the magnitude of the rise and fall, and the overall market trend has been weak recently. The market has been declining for three consecutive months, and the lead ingot market has seen more declines than gains in recent times.

In terms of the futures market, the overall weak performance of Shanghai lead was driven by hawkish statements from the Federal Reserve, which led to a strengthening of the US dollar. Non ferrous metals were generally under pressure, and the market was weak this week. London lead fell for thirteen consecutive days, and the overall decline of Shanghai lead followed suit. In recent times, the supply and demand have remained weak, with a slight increase in the supply of primary and recycled lead, which has dragged down market sentiment. In terms of demand, downstream enthusiasm is relatively strong in the off-season atmosphere, and the battery industry is mainly actively destocking. The demand for automotive batteries is stable, but the overall operation of electric bicycle batteries is weak, and the overall demand is still weak. Overall, the lead ingot market currently has loose supply expectations and weak demand. Under the influence of the off-season of terminal demand and high inventory, it is expected that the market will continue to operate weakly. We will continue to pay attention to the macro impact in the future.

On December 10th, the non-ferrous index was at 1090 points, unchanged from yesterday, a decrease of 29.13% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.57% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, in the 49th week of 2023 (12.4-12.8), there were a total of 5 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were tin (4.54%), nickel (3.38%), and electrolytic manganese (0.73%). There are a total of 15 products with a month on month decline, and 2 products with a decline of more than 5%, accounting for 8.7% of the monitored products in this sector; The top three products with a decline were neodymium metal (-5.62%), neodymium oxide (-5.61%), and silver (-4.62%). The average increase and decrease this week was -1.32%.