SunSirs: Lead Prices Were under Pressure on May 13, and the Trend Was Weak
May 16 2022 08:41:11 SunSirs (John)Price trend
On May 13, the quotation range of 1# lead ingots in the domestic spot lead market was around 14,900-15,000 RMB/ton, with an average price of 14,950 RMB/ton, down 25 RMB/ton from the previous trading day.
Analysis review
Metals in the night trading closed down almost across the board, and Shanghai lead was under pressure. Shanghai lead fell slightly in early trading today. As of the 13th, the main Shanghai lead 2206 contract closed down 0.76%.
The spot market continued to decline on the 13th. Fundamentally, the downstream gradually entered the off-season, and the demand for lead ingots was limited, and the price fluctuations in the off-season were mainly affected by the futures market.
Market outlook
At present, the metal market is under pressure as a whole, and lead prices are expected to be weak and volatile in the short term.
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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
