The price of lead market (5.17-5.21) rose this week, with the average price of domestic market at the beginning of the week at 15100 yuan / ton, 15583 yuan / ton at the weekend, up 3.2% in the week.
The lead commodity index on May 23 was 94.84, which was flat with yesterday, down 29.23% from the highest point 134.01 (2016-11-29) in the cycle, up 27.08% from the lowest point of 74.63 on March 19, 2015（ Note: the cycle refers to 2011-09-01 to now).
This week, the trend of Lun lead shock is mainly, the first half of the week is affected by the downward impact of the dollar index, the overall upward metal market, and the lead Lun continued to rebound. The weekend was affected by the high LME lead inventory, and the price was down. Overall, the trend of the week was better, and the lead Lun lead rose about 3%. Shanghai lead rebounded this week, after a slight fall on Thursday, the market continued to rise, up more than 3 per cent a week.
The trend of spot lead market this week is close to the trend of Shanghai lead. With the completion of maintenance in main production area, the overall domestic construction rate has been improved. Due to the tight supply of lead ore in upstream, the overall increase of the commencement rate is limited. Downstream storage enterprises are still in the off-season, consumption is low, and the lead ingot inventory is on the high side.
According to the price monitoring of business agency, there are 5 commodities rising month on month in the non-ferrous plate in the commodity price rise and fall list in the 20th week of 2021 (5.17-5.21), the top three commodities are lead (3.20%), silicon metal (1.82%), titanium concentrate (1.03%). There are 16 commodities falling on a month-on-month basis, with 3 commodities falling more than 5%, accounting for 13.6% of the monitored commodities in the sector; The top 3 products were magnesium (-6.85%), aluminum (-6.33%), praseodymium and neodymium alloy (-6.30%). This week, the average rise and fall was -1.95 per cent. Most of the goods fell this week.
The business agency predicts that the downstream is in the off-season, and the storage enterprises purchase is mainly on demand, and the consumption level has not improved, the price of lead ingot will still fluctuate mainly, and it is expected to recover in the peak consumption season in July and August.
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