SunSirs: China's Spot Lead Prices Rose and Fell Last Week (9.21-9.25)

Last week, the lead market (9.21-9.25) surged and then fell back. The average price in the domestic market was 15,340 yuan/ton at the beginning of the week and 15,102.5 yuan/ton on weekends, a weekly drop of 1.55%.

The lead commodity index on September 26 was 91.91, which was the same as on September 25. It was 31.42% lower than the cycle high of 134.01 points (2016-11-29), and 23.15 higher than the lowest point of 74.63 points on March 19, 2015. %. (Note: Period refers to 2011-09-01 to present).

Last week, LME lead rose and fell back, fluctuating in the range of 1,950-2,025 US dollars/ton. Affected by the weakening of the US dollar, it rose to the highest point since mid-January 2020 at US$2,025/ton. Later, it was affected by the high LME lead inventory. The price goes down. The Shanghai tin futures followed the trend of LME lead this week and then fell back. The overall trend was weak and the trend was weaker than the external price.

Last week, the domestic spot market price was close to the Shanghai lead trend, and then fell back after rising. At the beginning of the week, the holiday was approaching downstream. The stock was stocked before the holiday. Under the influence of increased market purchases, the market price rose steadily. At the end and dragged down by the Shanghai lead market, spot lead prices fell. In terms of recycled lead, the price of used batteries is strong. Affected by strict environmental protection inspections, the supply of goods in the market is small and market transactions are limited.

According to SunSirs price monitoring, in the 38th week of 2020 (9.21-9.25), there are 4 commodities in the non-ferrous sector that have increased month-on-month. The top 3 commodities are antimony (2.93%) and metallic silicon (1.61%). ), cobalt (0.24%). A total of 17 products fell month-on-month, and one product fell more than 5%, accounting for 4.5% of the number of monitored products in this sector; the top 3 products that fell were silver (-15.67%) and zinc (-4.51%) , Gold (-4.12%). The average increase and decrease this week was -1.88%. The metal market is mainly down this week.

SunSirs predicts that there are only three trading days before the holiday next week. With the long holiday approaching the domestic market sentiment turns deserted, it is expected that prices will remain stable before the holiday.

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