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SunSirs: Shanghai Lead Closed down 1.13% on September 7
September 08 2021 08:10:16SunSirs(Linda)

The U.S. dollar rose slightly on Monday night. Due to the labor holiday, trading was light. The metal market was generally under pressure. Last night, most metals except aluminum went down. Among them, LME lead fell 1.07% and Shanghai lead fell 0.83% at night. In the morning of September 7th, Shanghai Lead continued its downward trend last night. As of September 7th, the settlement price of Shanghai Lead 2110's main contract was 14,920 yuan/ton, down 1.13%.

Affected by the futures market, the domestic spot lead market 1# lead ingots offer a range of 14650-14800 yuan/ton, with an average price of 14725 yuan/ton, down 175 yuan/ton from the previous trading day. Although market prices have fallen today, there are fewer downstream inquiries into the market, and overall purchasing intentions are low, maintaining just-needed purchasing as the main focus. On the whole, the downstream should have entered the traditional peak season, but the current market demand is still expected to be soft, and the peak season is not prosperous. At present, the overall domestic lead inventory is still high, and the overall downstream demand is mainly for purchase. In the market outlook, lead prices will continue to fluctuate mainly in the short term.

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