Price trend

On June 7, the quotation range of 1# lead ingot in the domestic spot lead market was around 14,950-15,050 RMB/ton, with an average price of 15,000 RMB/ton, an increase of 200 RMB/ton from the previous trading day.

Analysis review

The market was in the off-season recently, and the lead price mainly followed the fluctuation of the futures market, and the overall fluctuation closely followed the trend of lead futures on the Shanghai Futures Exchange.

On the whole, the fundamentals of lead had not changed much. Downstream battery companies were still in the seasonal off-season. The overall start-up was average, the company's inventory was high, and the sales situation was general. Under the background of the off-season, the demand for raw material procurement was low, and the support for lead ingots was limited.

Market outlook

The increase in the social inventory of lead ingots has a certain impact on the market mentality, and the lead price is under pressure. It is expected that the lead price will maintain a range-bound trend in the short term, focusing on the recovery of downstream demand.

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