Most London Metals fell, and Lun lead rose 0.57% boosted by the decline in inventory. Most domestic metal markets were green at night, and Shanghai lead rose 1.17% driven by Lun lead. Shanghai lead continued its upward trend in the morning. As of the closing on August 2, the settlement price of the main contract of Shanghai lead 2109 was 16070 yuan / ton, up 1.04%.
Boosted by the futures market, the quotation range of 1# lead ingots in the domestic spot lead market is about 15700-15800 yuan / ton, with an average price of 15750 yuan / ton, an increase of 150 yuan / ton compared with the previous trading day. Prices rose back, there were few market inquiries in the downstream, the overall purchase intention was still low, and the downstream remained mainly on the sidelines. Overall, the downstream is gradually entering the peak season, but the market demand expectation is still soft, and the demand side is afraid that the peak season will not be prosperous in the future. At present, the domestic lead inventory is still on the high side, and the downstream just needs to purchase as a whole. In the future, the business community believes that the lead price will remain volatile in the short term.
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