In August 2020, the domestic 1 ᦇ lead ingot Market will rise first and then restrain. The average price of domestic market will be 15700 yuan / ton at the beginning of the month and 15783.75 yuan / ton at the end of the month, up 0.53%.
| Melamine |
On September 3, the lead commodity index was 96.86, up 0.15 points compared with yesterday, 27.72% lower than 134.01 points (2016-11-29), and 29.79% higher than the lowest point of 74.63 points on March 19, 2015. (Note: period refers to 2011-09-01 to now).
In terms of futures market, August was dominated by wide volatility, with a monthly rise of nearly 6%. Thanks to the market optimism of China’s economic improvement and the new strategy of the Federal Reserve to bring inflation back to a more healthy level, the futures market has improved this month. The domestic futures market as a whole maintained a similar trend with the spot market, with the main trend of rising at the beginning of the month and then falling back to the high point of 16585 yuan / ton this month, and then falling back to 16000-16200 yuan / ton.
In August, the spot lead market as a whole surged higher and fell back. At the beginning of the month, the domestic spot market price rose with a series of favorable factors in the futures market. Later, with the overall weak macro news, the international geopolitical situation was tense, the metal market was under pressure, the futures market went down, and the spot market began to decline. In the middle of the month, the continued weakening of the US dollar brought a wave of boost to the metal market, while Lun lead and Shanghai lead fluctuated slightly. As of the end of the month, most of the traders in the market delivered goods at a fair price, and the transactions of individual orders were less, and most of them were old customers. Although the operating rate of downstream battery enterprises has increased, most enterprises are more interested in the price of renewable lead. The consumption of raw lead inventory is slow.
According to the price monitoring of business agency, in August 2020, there were 14 kinds of commodities in the non-ferrous plate that rose month on month in the price list of bulk commodities, of which 9 commodities increased by more than 5%, accounting for 40.9% of the total number of commodities monitored in the plate; the top three commodities were praseodymium neodymium alloy (16.09%), neodymium oxide (15.08%), praseodymium neodymium oxide (15.01%). There were 7 kinds of commodities that declined on a month on month basis, with dysprosium metal (- 4.21%), dysprosium ferroalloy (- 3.26%) and dysprosium oxide (- 2.96%). This month, the average rise and fall was 4.64%.
| EDTA 2Na |
In the aftermarket, the business agency believes that although the downstream is expected to enter the peak season, it is more and more obvious that the peak season is not prosperous this year. The downstream battery enterprises start to gradually improve, but they are more inclined to purchase recycled lead. The price of recycled lead is also relatively strong. It is expected that the spot price of lead in the future market will fluctuate.
Relevant data:
ILZSG: global lead market oversupply narrowed to 16300 tons in June: Lisbon, August 20, the international aluminum and Zinc Research Group (ILZSG) data released on Thursday showed that the global lead market oversupply fell to 16300 tons in June and 45300 tons in May. From January to June 2020, the cumulative surplus is 78000 tons, and the shortage is 13000 tons in the same period of 2019.
U.S. imports of lead increased in June: Washington, D.C., reported on August 5 that the U.S. import of lead in June was 28369697kg, higher than 24280388kg in May. From January to June, the United States imported 171586669 kg of lead. Data show that U.S. exports of lead in June were 180486kg, lower than 203403kg in May. In the first six months of this year, exports totaled 778300kg.
| EDTA |