In December 2021, the domestic 1# lead ingot Market fluctuated and stabilized. The average price of the domestic market was 15218.75 yuan / ton at the beginning of the month and 15268.75 yuan / ton at the end of the month, with a monthly increase of 0.33%.

On December 29, the lead commodity index was 93.15, up 0.07 points from yesterday, down 30.49% from the highest point of 134.01 in the cycle (November 29, 2016), and up 24.82% from the lowest point of 74.63 on March 19, 2015. (Note: the period refers to the period from September 1, 2011 to now).

The commodity price K-bar chart uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy, sell and invest according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, the lead price has continuously maintained weak operation in recent one month.

From the perspective of lead ingot Market in December, at present, most electrolytic lead manufacturers at the supply side have resumed production, and the start-up of recycled lead enterprises has decreased slightly due to environmental protection factors recently. The downstream storage enterprises at the demand side started relatively stably, and their procurement enthusiasm was acceptable. There was no significant change compared with the previous period, and they still focused on maintaining rigid demand procurement. Under the weak balance of supply and demand, the lead price in the spot market is weak to follow the trend of futures. Since the middle of the year, the price has rebounded, the operation of the smelter is relatively stable, and the supply is OK. With the increase of the spot lead price, the profits of downstream enterprises are squeezed, and the downstream price reduction mentality is strong. Near the end of the year, the output task is basically completed, the sales situation of downstream storage enterprises is relatively general, and the enthusiasm for purchasing primary lead is slightly low.

The fundamental changes of lead market are limited. Affected by the Winter Olympic Games, the operating rate of enterprises has declined slightly, the terminal consumption demand of downstream battery enterprises has begun to enter the off-season, and the battery output in some areas has declined to a certain extent. Lead prices rose and downstream procurement was cautious, mostly on demand. It is expected that the market will be stable and upward in the future.

Relevant data:

WBMs: according to the latest report data released by the world Bureau of Metal Statistics (WBMs) on Wednesday, there was a supply shortage of 250400 tons in the global lead market from January to October 2021, compared with 112200 tons in 2020. From January to October 2021, the global refined lead output was 11.8154 million tons, an increase of 20.4% over the same period last year. China’s apparent demand is estimated at 5.9244 million tons, 1.757 million tons higher than the same period in 2020, accounting for about 49% of the global total. In October 2021, the output of refined lead was 1225200 tons and the demand was 1244600 tons