This week, the lead market (7.5-7.9) rose and then fell. The average price of domestic market was 15866.67 yuan / ton at the beginning of the week and 15741.67 yuan / ton at the end of the week, with a weekly drop of 0.79%.

On July 10, the lead commodity index was 95.80, unchanged from yesterday, down 28.51% from 134.01 (2016-11-29), the highest point in the cycle, and up 28.37% from 74.63, the lowest point on March 19, 2015（ Note: period refers to the period from September 1, 2011 to now).

In the first half of the week, affected by the decline of LME lead inventory, Lunzhou lead mainly went up. In the second half of the week, the US dollar index rebounded and Lunzhou lead went down. Overall, LME’s lead inventory fell by 9950 tons this week. Shanghai lead rose first and then fell this week, rising to 16000 yuan / ton and then fell under pressure.

This week, the spot lead market trend close to Shanghai lead trend, the overall high after falling. Affected by the tight supply of upstream lead concentrate, the overall improvement of operation rate is limited. The downstream battery consumption is still weak, the overall consumption is low, and the lead ingot inventory is on the high side.

According to the price monitoring of the business community, in the list of commodity prices in the 27th week of 2021 (7.5-7.9), there were 16 kinds of commodities in the nonferrous metal sector that rose month on month, of which 4 kinds of commodities increased by more than 5%, accounting for 18.2% of the number of commodities monitored in the sector; The top three commodities were praseodymium neodymium oxide (8.54%), praseodymium neodymium alloy (8.20%) and neodymium oxide (6.17%). There were 5 kinds of commodities that declined on a month on month basis, and the top 3 products were titanium concentrate (- 2.29%), silver (- 2.02%) and aluminum (- 1.26%). This week, the average rise or fall was 1.61%, and most of the nonferrous metal market prices rose.

The business association predicted that the downstream procurement is mainly on demand, and the price of lead ingot will still fluctuate when the consumption side has not improved.