SunSirs: Lead Price Fluctuated Down on April 26
April 27 2022 09:19:16 SunSirs (John)
Price trend
On April 26, the quotation range of 1# lead ingot in the domestic spot lead market was around 15,400-15,550 RMB/ton, with an average price of 15,475 RMB/ton, down 125 RMB/ton from the previous trading day.
Analysis review
On the night of the 25th, the bad news on the fundamentals caused the lead in London to drop 1.7%. In the early trading of the 26th, the lead in Shanghai mainly fell, and the spot market follow the fall with it.
From a fundamental point of view, with the gradual recovery of domestic transportation, the market mentality has been boosted, but the downstream has entered the off-season in April, the demand has begun to decline, and it was mainly based on on-demand procurement. Affected by this, the overall domestic market transaction was light and the overall transaction was weak.
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- 2023-12-05 SunSirs: Downstream Was in the Off-Season, and Lead Prices Declined (November 27-December 4)
- 2023-11-16 SunSirs: Price Increase in Domestic Spot Lead Market
