This week, the lead market (12.14-12.18) fluctuated downward. The domestic market average price was at 14831.25 yuan / ton at the beginning of the week and 14725 yuan / ton at the weekend, with a weekly drop of 0.72%

On December 19, the lead commodity index was 89.62, unchanged with yesterday, down 33.12% from the highest point of 134.01 (2016-11-29), and 20.09% higher than the lowest point of 74.63 on March 19, 2015. (Note: period refers to 2011-09-01 to now).

This week, Lun lead continued the trend of last week and continued to callback. This week, LME inventory increased significantly, dragging down market confidence, and Lun lead continued to fall. Domestic futures performed slightly better this week, while Shanghai lead showed a “V” trend this week. Due to the favorable macro data and the U.S. economic stimulus at the weekend, the market mentality was better, and the market was higher on Friday.

This week, the domestic spot market price is close to the trend of Shanghai lead, showing a “V” shape trend. The market is mainly long-term single transaction, and it is difficult to find individual orders. The downstream batteries are still in the off-season, and the lead procurement is mainly on demand. In terms of supply, in addition to the maintenance of some enterprises in Henan Province, other areas started normal operation, and the production of enterprises was stable, and the supply was stable temporarily. The price of recycled lead is strong, supporting the price of lead.

According to the price monitoring of the business agency, in the 50th week of 2020 (12.14-12.18), there are five commodities in the price list of the nonferrous metals plate, including 1 commodity with an increase of more than 5%, accounting for 4.5% of the total number of commodities monitored in the plate; the top three commodities were silver (7.54%), gold (2.37%) and zinc (2.22%). There were 9 kinds of commodities falling month on month. The top three products were praseodymium (- 1.71%), nickel (- 1.36%) and neodymium oxide (- 1.01%). This week, the average rise and fall was 0.35%.

The business association forecasts that the macro-economic data will be less near the end of the year, some enterprises will tighten their capital demand, the price of recycled lead will be firm, which will support the price of primary lead to a certain extent. It is expected that the overall trend of lead price in the next week will still be preferred.