The price of lead market (4.19-4.23) went up this week. The average price of domestic market was 15008.33 yuan / ton at the beginning of the week and 15291.67 yuan / ton at the end of the week, up 1.89%.

The lead commodity index on April 24 was 93.06, unchanged from yesterday, down 30.56% from 134.01 (2016-11-29), the highest point in the cycle, and up 24.70% from 74.63, the lowest point on March 19, 2015（ Note: period refers to the period from September 1, 2011 to now).

This week, Lun lead mainly fluctuated in a wide range, with the main range of US $2000-2070 / T. In the first half of the week, affected by the fall of the US dollar index, non-ferrous metals collectively rose, while lunlead rose to the highest point in nearly a month. In the second half of the week, with the information of public health incidents in India exposed, the non-ferrous metal industry declined significantly, and the lead industry fell by more than 1%. In terms of Shanghai lead, this week, the main force changed to the 2016 contract, the overall trend was good, and the domestic macro data gave strong support to the metal market. This week, Shanghai lead fluctuated at 14900-15500 yuan / ton.

This week, the trend of spot lead market is close to the trend of Shanghai lead. With the downstream battery factory picking up, the social inventory of primary lead has declined, which has a certain support for the lead price. In addition, the original lead manufacturers have a maintenance plan at the end of the month, the supply of original lead is expected to decrease in the future, and the market is expected to improve. However, although there is downstream demand, the demand has not been increased, and the support for lead price is limited.

According to the price monitoring of the business community, in the list of commodity prices in the 16th week of 2021 (4.19-4.23), there were 9 kinds of commodities in the nonferrous metal sector that rose on a month on month basis, including 1 kind of commodity that rose by more than 5%, accounting for 4.5% of the number of commodities monitored in the sector; The top three commodities were magnesium (5.74%), silver (2.06%) and lead (1.89%). There were 12 kinds of commodities that declined month on month, and 2 kinds of commodities with a decline of more than 5%, accounting for 9.1% of the number of commodities monitored in the sector; The top three products were metal neodymium (- 5.94%), antimony (- 5.54%) and neodymium oxide (- 3.46%). This week’s average rise or fall was – 0.81%. Overall, the decline was more than the rise.

According to the forecast of the business community, some manufacturers have certain intention to prepare goods near the 51 holiday, but the downstream is in the off-season as a whole, and the purchasing volume is still unable to be released, so the support is limited. It is expected that the price of primary lead will be stable and slightly higher.