1、 Price trend

This week, the lead market (4.13-4.17) was up in shock. The average price in the domestic market was 14000 yuan / ton at the beginning of the week and 14050 yuan / ton at the end of the week, with a weekly increase of 0.36%.

On April 19, the lead commodity index was 85.51, unchanged from yesterday, down 36.19% from 134.01 (2016-11-29), the highest point in the cycle, and up 14.58% from 74.63, the lowest point on March 19, 2015. (Note: cycle refers to 2011-09-01 to now).

2、 Market trend analysis

Domestic market: this week’s Lund lead market is mainly volatile, closed on Monday, hit a high and fell back on Tuesday, with a minimum of $1750 / ton. As of Friday, Lund lead reported at $1698 / ton. Shanghai lead’s main 2004 contract turned into 2005 contract, which showed a trend of rising and falling down. The high level once reached 13945 yuan / ton, while the low level reached 13585 yuan / ton. As of Friday, Shanghai lead reported 13720 yuan / ton. The spot market price is 14150-14450 yuan / ton. The price of spot lead this week is basically stable with that of last week. The market brands of lead are concentrated in Shanghai Jinsha, South China, Henan Jinli, Yuguang and other brands of lead. There are few single transactions, and the transaction is still dominated by long single transactions

Industry: this week, the basic metals rose under the stimulation of a lot of more information. At the beginning of this week, OPEC + oil producing countries reached a historic production reduction agreement. Subsequently, European and American countries successively introduced various plans to restart the economy, boosting market confidence. The domestic economic data released in the first quarter showed that the economy had gone out of an obvious positive trend compared with last month. The central bank implemented targeted reduction and other measures for small and medium-sized banks.

According to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 10 commodities in the list of commodity prices rising and falling, among which the top three commodities are zinc (2.63%), aluminum (1.75%) and tin (1.71%). There are 7 kinds of commodities falling on a month on month basis, and the top three products are titanium concentrate (- 3.28%), neodymium (- 1.39%) and silicon (- 1.21%). This week’s average was 0.12%.

3、 Future prospects

Next week, most of the basic metal market will be supported by long single transactions, and the spot market will maintain a certain degree of activity and persistence. Today, Xinhua news agency has announced that the 17th session of the 13th National People’s Congress will be held from April 26 to 29, and the market expects more policy guidance. Bulls can still make a difference, and each basic metal will be ready to make a breakthrough.