This week, the lead market (12.11-12.18) fluctuated upwards, with the average price in the domestic market at 15565 yuan/ton at the beginning of last week and 15590 yuan/ton at the beginning of this week, an increase of 0.16%.

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, Shanghai lead continued to fluctuate at a low level at the beginning of the week. Later, with the release of monetary easing signals from the Federal Reserve, basic metals generally strengthened, leading to a slight increase in Shanghai lead. In terms of supply and demand, the overall operating rate did not change much during the week. Due to the impact of high raw material prices, some enterprises have limited production of recycled lead, and the overall supply of lead ingots is tight. 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. As lead ingots enter the active off-season market, the recent market trend has been greatly affected by fundamentals. Overall, under the influence of terminal demand off-season and high inventory, the lead ingot market is still under pressure. It is expected that the market will continue to operate weakly, and we will continue to pay attention to the macro impact in the future.

On December 17th, the non-ferrous index was 1092 points, unchanged from yesterday, a decrease of 29.00% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.90% 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, there were a total of 10 commodities in the non-ferrous sector that saw a month on month increase in the commodity price rise and fall list in the 50th week of 2023 (12.11-12.15). The top 3 commodities with the highest increase were silver (1.74%), dysprosium oxide (1.71%), and zinc (1.59%). There are a total of 8 products with a month on month decline, and the top 3 products with a decline are praseodymium oxide (-2.11%), dysprosium iron alloy (-1.35%), and praseodymium neodymium oxide (-1.10%). The average increase and decrease this week is 0.11%.