This week, the lead market (1.29-2.5) fell first and then stabilized. The average price in the domestic market was 16240 yuan/ton last week, and 16110 yuan/ton this week, a decrease of 0.8%.
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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 ups and downs in recent times.
In the futures market, the US dollar strengthened during the week, while London lead fell under pressure. Shanghai lead followed suit at the beginning of the week and remained stable for the time being. Fundamentally speaking, as the Spring Festival approaches, the downstream market has basically completed pre holiday stocking. Currently, the festive atmosphere in the market is strong, with some smelters undergoing maintenance and some companies resuming production. Therefore, there is not much change in the operating rate within the week. In terms of demand, downstream battery companies have entered a holiday, with a significant decline in production and weak demand for lead ingot procurement. Overall, the market has a strong holiday atmosphere, with actual trading being relatively quiet and the market operating weakly.
Related data:
On February 4th, the base metal index was 1160 points, unchanged from yesterday, a decrease of 28.22% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 80.69% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).
On February 4th, 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, in the 5th week of 2024 (1.29-2.2), there were a total of 4 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were sponge titanium (0.97%), antimony (0.83%), and gold (0.79%). There are a total of 7 products with a month on month decline, and the top 3 products with the largest decline are zinc (-3.03%), tin (-2.96%), and nickel (-1.76%). The average increase and decrease this week is -0.3%.
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