This week, the lead market (8.18-8.25) rose first and then fell. The average price in the domestic market was 15940 yuan/ton at the beginning of last week and 16175 yuan/ton at the end of this week, up 1.47%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar indicates the range of rise and fall, and the recent market trend is relatively strong, with the lead ingot market rising for 7 consecutive weeks.

The futures market rose first and then fell, with a narrow upward trend from Monday to Thursday, and a high decline on Friday. The spot market closely followed the trend of Shanghai Lead, rising first and then falling. Fundamentally, there has been little change in the supply and demand of primary lead in the near future, with some areas experiencing slight tension due to maintenance, weather, and other factors. The recent circulation of waste batteries in the field of recycled lead is still poor, with a tight supply of raw materials and significant cost pressure on recycled lead. The overall price is running at a high level due to supply constraints. In terms of demand, there is currently little change in the operating rate of battery companies. Due to the upward impact of raw material lead ingot prices, the current operating rate is relatively stable. Automotive batteries have slightly rebounded under the influence of gold, silver, and other electric vehicle batteries have not changed much. Downstream markets are generally wait-and-see as raw material prices rise, and under cost pressure, it is expected that the lead ingot market will continue to operate steadily in the near future.

On August 27th, the base metal index stood at 1213 points, unchanged from yesterday, a decrease of 24.94% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 88.94% from the lowest point of 642 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were a total of 19 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 34th week of 2023 (8.21-8.25), with silver (4.42%), dysprosium ferroalloy (3.46%), and magnesium (3.03%) ranking among the top three commodities. There is a total of one product that has decreased compared to the previous month, with cobalt (-2.10%) being the product that experienced a decline. This week’s average increase or decrease was 1.21%.