On the night of the 27th, the LME non-ferrous metals general lead fell 1.33%, and the domestic night market Shanghai lead fell 0.5%. Today’s morning Shanghai lead continued the trend last night and continued to decline. As of the 28th, the settlement price of the Shanghai lead 2109 main contract was 15,945 yuan/ton. Fell 1.52%.
The domestic spot lead market 1# lead ingot quotation range is about 15,600-15,700 yuan/ton, dragged down by the futures market, with an average price of 15,650 yuan/ton, down 150 yuan/ton from the previous trading day. In the morning, some downstream companies entered the market to make inquiries on dips, but the overall purchase intention was low, and the actual transactions were limited. On the whole, when the downstream is in the off-peak and peak seasons, there is no significant increase in demand. In the case that downstream demand has not improved, lead prices will continue to fluctuate mainly in the short term.