This week, the lead market (7.13-7.17) fluctuated lower. The average price of domestic market was 15437.5 yuan / ton at the beginning of the week and 14987.5 yuan / ton at the weekend, with a weekly decrease of 2.91%.
| Melamine |
On July 18, the lead commodity index was 91.21, flat with yesterday, down 31.94% from the highest point of 134.01 (2016-11-29) and 22.22% higher than the lowest point of 74.63 on March 19, 2015. (Note: period refers to 2011-09-01 to now).
In terms of futures market, the trend of “V” was reversed this week, and overall Weiwei was held at 1820-1890 US dollars / ton. At the beginning of the week, affected by the decrease of LME inventory, Lun lead rose to a high of 1886 US dollars, which was once at the high level since the beginning of March. Later, with the rapid growth of inventory, the market confidence was depressed, and the price was all the way down. As of Friday, lunpb reported at $1835 / T, with a drop of about 1%. Affected by London metal, the high level of Shanghai lead fell this week, mainly in the range of 14800-15600 yuan / ton. During this period, it once stood at the highest level in nearly two years. Later, with the weakening of market sentiment, the high level of Shanghai lead market fell. As of Friday, Shanghai lead was reported at 14895 yuan / ton, with a drop of 0.96%.
Affected by the futures market, the domestic spot market fell back after rising, and continued to decline after rising on Tuesday. As of Friday, the spot lead market price was about 14900-15050 yuan / ton, with an average price of 14975 yuan / ton, which was about 250 yuan / ton lower than last week, with a weekly decline of 2.91%. Due to the negative effects of high social inventory, the futures market fell at a high level and the spot market also fell sharply since Tuesday. Downstream manufacturers have strong risk aversion sentiment, and most of them make up a small amount of stocks on demand. They are mainly long-term orders with few transactions. Battery enterprises mainly purchase on demand and mainly consume early-stage inventory. The market has a strong wait-and-see mood.
| EDTA 2Na |
According to the price monitoring of the business agency, in the 28 th week (7.13-7.17) of 2020, there are 6 kinds of commodities in the non-ferrous plate rising month on month, and the top three commodities are titanium concentrate (3.70%), silicon metal (0.94%) and praseodymium neodymium alloy (0.81%). There were 12 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of monitored commodities in the plate; the top three products were aluminum (- 6.28%), copper (- 2.96%) and lead (- 2.91%). This week, the average rise and fall was – 0.63%. This week, the performance of basic metals was mainly positive and then restrained. After a big rise at the beginning of the week, it turned up to a fall and gave up the rise. Due to the continuous fermentation of foreign epidemic situation, the process of economic recovery was hindered. Crude oil led the decline of the bulk commodity market, while the domestic A-share market faced a sharp drop after the sharp rise. The base metal industry was mainly downward this week.
The business agency forecasts that the next week will focus on the consumption of lead-acid battery market. The arrival of peak season will consume part of the current high lead inventory. It is expected that the spot lead market will still be weak next week.
| EDTA |