Core Viewpoint - The domestic non-ferrous metal market showed mixed results on July 30, with lead futures experiencing slight declines while the spot market remained stable [1] Supply Analysis - The supply of recycled lead is under pressure due to increased losses, with only a slight recovery expected in July for refined recycled lead. Regular maintenance of primary lead in regions like Yunnan and Inner Mongolia has not yet concluded, which may provide strong bottom support for lead prices [1] Demand Analysis - The lead-acid battery market shows slight improvements in some areas, but overall demand during the peak season is insufficient. The recent imposition of anti-dumping duties on Chinese lead-acid batteries by the Middle East raises concerns about future demand [1] Market Outlook - According to technical analysis, lead prices have returned to a fluctuating range, with risks of further declines gradually being released. The market is approaching the completion of the fourth wave, with expectations of a fifth wave rebound. It is suggested to consider buying on dips or purchasing call options [1]
整体旺季成色不足 沪铅期货回到震荡区间
Jin Tou Wang·2025-07-30 08:12