On July 21, the quotation range of 1# lead ingot in the domestic spot lead market was about 15100-15250 yuan / ton, with an average price of 15175 yuan / ton, up 150 yuan / ton from the previous trading day.
On the night of the 20th, the metal market closed up across the board. In recent days, the continued weakness of the US dollar index and the macro concerns about European natural gas supply boosted the stock market, and the metal market was boosted and rose across the board. Lun lead and Shanghai lead rose by more than 1%. In the morning of the 21st, Shanghai lead continued its nighttime trend and continued to rise. As of the close of the 21st, the main 2208 contract of Shanghai lead closed up 1.23%.
In terms of fundamentals, there has been little change in supply recently. Refineries have successively completed maintenance and resumed production, and the output has rebounded recently. In terms of primary lead, it has not been recovered due to power rationing in Anhui. In the downstream, boosted by the end of the seasonal off-season and the coming peak season, battery sales have improved to a certain extent, lead prices have declined in the early stage, and some downstream actively purchase. At present, the social inventory of lead ingots has declined as a whole. On the whole, the current macro performance of the lead ingot Market is acceptable. The demand in the downstream peak season is expected to increase, and the inventory is expected to decline, boosting the lead price. It is expected that the lead price will have some room to rise under the demand boost.
| Thiourea |