This week’s lead market (8.4-8.11) fluctuated, with the average price in the domestic market at 15830 yuan/ton at the beginning of last week and 15780 yuan/ton at the beginning of this week, a decrease of 0.32%.
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar indicates the range of rise and fall, and the recent market trend has been relatively strong, with the lead ingot market rising for five consecutive weeks.
The futures market has been fluctuating this week, with Shanghai lead maintaining a high and volatile trend. The market has a strong wait-and-see sentiment, and the upward trading atmosphere is slightly lower. Downstream purchases are on demand, and actual transactions are limited. Fundamentally speaking, in terms of supply, this week the main production enterprises underwent partial maintenance and some resumed production, so the overall change in primary lead supply is not significant. In terms of recycled lead, the supply of waste batteries has been tight recently, and the price of recycled lead is running high due to the shortage of raw materials. In terms of demand, downstream consumption is still relatively low, but prices have been continuously rising recently, making it difficult to transmit to downstream. Recently, battery inventory has been accumulating, and the market is expected to decline during the peak season. Downstream purchases continue to be based on demand. In the future, downstream demand is difficult to increase, and the market is mainly weak and volatile.
On August 11th, the base metal index was 1205 points, a decrease of 2 points from yesterday, a decrease of 25.43% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 87.69% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).
According to the price monitoring of the Business Society, there were a total of 12 commodities in the non-ferrous sector that rose month on month in the 32nd week of 2023 (8.7-8.11) commodity price rise and fall list. The top three commodities that rose were titanium concentrate (2.62%), magnesium (2.33%), and metallic silicon (1.83%). There are a total of 8 products that have decreased compared to the previous month, with cobalt (-3.67%), electrolytic manganese (-2.84%), and tin (-2.39%) being the top three products with a decrease. This week’s average increase or decrease was -0.03%.
| http://www.thiourea.net |