This week, the lead market (8.17-8.21) fluctuated lower. The average price of domestic market was 16227.5 yuan / ton at the beginning of the week and 16052.5 yuan / ton at the end of the week, with a weekly decrease of 1.08%.
On August 22, the lead commodity index was 97.69, flat with yesterday, 27.10% lower than the cycle’s highest point of 134.01 (2016-11-29), and 30.90% higher than the lowest point of 74.63 on March 19, 2015. (Note: period refers to 2011-09-01 to now).
This week, the price of lunlun lead rose and then fell back, fluctuated in the range of 1950-2025 U.S. dollars / ton. Affected by the weakening of US dollar, it rose to the highest point of 2025 US dollars / ton since mid January 2020. Later, affected by the high LME lead inventory, the price went down. Shanghai period tin this week to follow the trend of Lun lead after high, the overall trend is weak, the trend is inferior to the external price.
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This week, the price fluctuation of domestic spot market is limited, and the weekly decline is about 100 yuan / ton, which is mainly driven by the trend of domestic futures market. Since August, the price of lead-acid battery has risen, and the operating rate of enterprises is higher. The spot lead is boosted by the expectation of downstream peak season, and the recent high price consolidation is the main factor. Transactions are mainly long orders, small orders less. The prices of downstream batteries have risen recently, and the operating rate is at a high level. However, the peak season of this year is not as good as that of previous years. The digestion of lead inventory is slow, the overall inventory is slightly higher, and the lead price fluctuates at a high level.
According to the price monitoring of the business agency, in the 33rd week (8.17-8.21) of 2020, there are 13 kinds of commodities in the non-ferrous plate with a month on month rise and fall list of bulk commodity prices, with the top three commodities being praseodymium neodymium alloy (4.22%), praseodymium neodymium oxide (3.71%) and copper (3.31%). There were five kinds of commodities that declined on a month on month basis, with dysprosium metal (- 2.95%), dysprosium oxide (- 2.14%) and dysprosium ferroalloy (- 1.36%). This week, the average rise and fall was 0.92%.
The business agency forecasts the change of key lead inventory next week, and the lead price is expected to fluctuate in the peak season.
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