According to the Commodity Market Analysis System of Shengyi Society, the domestic 1 # lead ingot market will rise in March 2025, with an average price of 17005 yuan/ton at the beginning of the month and 17225 yuan/ton at the end of the month, a monthly increase of 1.29%.
On March 30th, the Business Society Lead Index was 105.44, unchanged from yesterday, a decrease of 21.32% from the highest point of 134.01 points (November 29, 2016) during the cycle, and an increase of 41.28% from the lowest point of 74.63 points on March 19, 2015. (Note: The cycle refers to the period from September 1, 2011 to present)
K-bar chart of commodity prices, using the concept of price trend K-line, in the form of a bar chart, reflects the weekly or monthly price changes. Investors can make buying and selling investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar represents the range of rise and fall.
On a macro level, in early March, the news of the United States imposing tariffs continued to have an impact on the market, leading to increased concerns and subsequently suppressing the trend of non-ferrous metal futures. At the same time, the convening of China’s “Two Sessions” has brought a series of policy measures aimed at promoting consumption.
In March, both the supply and demand sides of the lead market showed a growth trend, and did not encounter any significant negative factors. During this period, heavy pollution weather warnings in the Beijing Tianjin Hebei region and its surrounding areas were lifted, easing environmental pressure. Environmental inspections are currently underway in the Anhui region, which has had a certain impact on the supply of lead in the market. In addition, the newly built recycled lead production capacity in Jiangsu has been put into operation as planned, providing additional supply to the market, resulting in periodic fluctuations in lead market supply.
The electric bicycle and automobile markets are actively promoting the “trade in” promotion activity, which has driven the sales of some complete vehicles and their supporting batteries to recover, thereby alleviating the concerns of production enterprises about the off-season market. The production of lead-acid battery enterprises remains relatively stable as a result. After the drop in lead prices, some companies seized the opportunity to make bargain hunting purchases, but overall, the market’s purchasing willingness remains relatively flat.
Overall, from the perspective of spot supply, the production of primary lead and recycled lead is expected to show a downward trend, especially considering that delivery brand enterprises are about to undergo equipment maintenance, the supply of lead ingots in mainstream production areas will decrease. Therefore, refineries may maintain a high price strategy when shipping. Pay attention to changes in supply in the short term.
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