On Monday night, London metal was closed for a day due to bank holiday, and most of the domestic night market rose. In the early morning, Shanghai lead followed the trend of the market, and the opening volatility was slightly higher. Then, short sellers entered the market. Shanghai lead was under pressure. By the end of the first day, the settlement price of the main contract of Shanghai lead 2107 was 15550 yuan / ton, down 0.90%.
The price of lead ingot in the domestic spot lead market is about 15250-15350 yuan / ton, with an average price of 15300 yuan / ton. In June, the downstream is still in the off-season. As the weather gets warmer, the demand is expected to be higher than that in May. However, the lead ingot inventory is still high, the enthusiasm of downstream market entry is limited, and the overall negotiation is still cold.
In the future, the Business Association believes that the current lead ingot inventory is high, the downstream procurement is limited, and the fundamental changes are not big. It is expected that the price fluctuation in the future will be weak and the trend will be dominant.
| PVA |