Summary of lead Morning meeting:
Overnight, Lun lead opened at 1857.5 US dollars / ton. During the Asian session, Lunlun lead concussive operation at the beginning of the session, the overall center of gravity shifted down, into the European market, Lun lead probe as low as 1847 US dollars / ton, and then near the closing stage, Lun lead rebounded, recovering the decline, and finally reported at 1861 US dollars / ton, an increase of 0.3 per cent. (lidocaine)
Overnight, Shanghai lead opened at 15435 yuan / ton. At the beginning of the session, Shanghai lead shock fell, reaching a low of 15355 yuan / ton, then bottomed out and then rose to recover the decline. It was finally reported at 15480 yuan / ton, an increase of 0.29%. (lidocaine)
Shanghai market Southern lead quotation for Shanghai lead 2008 contract 50 yuan / ton; Jiangsu and Zhejiang market Muleng, Southern lead price price 50-80 yuan / ton for Shanghai lead 2008 contract; Minshan, Henan Province quotation for SMM1# lead price rising water 100 yuan / ton. Lead futures continued to rise, and due to the limited supply of goods in circulation, the holders made more price shipments, the quotation turned to rising water, while the downstream was afraid of high and cautious mining, and the trading activity of the bulk market was weaker than yesterday. The supply of waste batteries is tight, the purchasing demand of refineries is strong, and the price of waste batteries is rising. The price of reduced lead has risen sharply with the lead price, and the discount of recycled refined lead has been expanded. The mainstream quotation is 50-150RMB / ton on the average price of SMM1# lead, and part of it is quoted as 150RMB / ton. Except for some areas with tight supply, more on-demand purchases are made downstream.
Lead price forecast today:
The United States maintains monetary easing, the overall trend of precious metals is strong, non-ferrous metals follow the upward trend, and the whole is in the upward channel. Domestic fundamentals are expected to be relatively good, and we should pay attention to whether the upper pressure level can effectively break through in the short term.
The price of lead in SMM1# is expected to rise by 50-100 yuan per ton today.