This week, the lead market (3.4-3.11) saw a slight increase, with the average domestic market price last week at 15850 yuan/ton and this week at 15965 yuan/ton, up 0.73%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar indicates the range of fluctuations. The overall market trend has been weak recently, with the market falling for three consecutive months. The lead ingot market has had relatively small fluctuations recently.

Fundamentally speaking, the supply at the mining end has remained tight in the near future. Coupled with the recent high prices of silver, the processing fees for silver and lead ore have slightly decreased, but overall they are still operating at a high level. Some smelting enterprises in Hunan region have maintenance plans after entering March, which are expected to continue until the end of March. As a result, the supply of primary lead has slightly tightened, and there has been little change in the area of recycled lead in the near future. In terms of demand, downstream battery companies have gradually resumed production after resuming work. Currently, most companies are operating normally and are in a seasonal off-season. Downstream demand is maintained by replenishing inventory, and lead ingots are purchased on demand. Demand support still exists. Overall, the market is still in a post holiday recovery period, and the volatility of the futures market is also limited. Recently, the market has been operating weakly with little volatility. It is expected that the market will experience narrow fluctuations in the short term.

Related data:

On March 10th, the base metal index was 1185 points, unchanged from yesterday, down 26.67% from the highest point in the cycle of 1616 points (2022-03-09), and up 84.58% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On March 10th, the non-ferrous index was 1108 points, unchanged from yesterday, a decrease of 27.96% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 82.54% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, in the 10th week of 2024 (3.4-3.8), there were a total of 8 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were gold (3.55%), silver (2.92%), and zinc (2.69%). There are a total of 12 products with a month on month decline, and the top 3 products with the largest decline are metal praseodymium (-3.43%), magnesium (-3.27%), and praseodymium neodymium alloy (-2.29%). The average increase and decrease this week is -0.11%.