Core Viewpoint - The domestic lead market is under pressure this week, with futures prices declining and spot prices showing slight decreases, indicating a bearish sentiment in the market [1] Market Performance - The main contract for lead futures on the Shanghai Futures Exchange has struggled to rise, experiencing two consecutive days of decline, with prices falling below 17,000 yuan per ton on September 24 [1] - As of September 23, the average price of spot 1 lead was 16,950 yuan per ton, down 25 yuan per ton (0.15%) from the previous day, but up 750 yuan per ton (4.63%) year-on-year [1] Demand and Supply Dynamics - The recent decline in lead prices is attributed to weakened demand, as downstream companies have largely completed their pre-holiday stockpiling, leading to reduced purchasing activity from medium and small enterprises [1] - Despite the weakening demand, a decrease in social inventory of lead ingots has provided some support for lead prices [1] - The overall market sentiment remains cautious, with expectations of a continued weak and volatile trend in lead prices in the short term [1]
下游备库进入尾声，铅价震荡偏弱
Xin Hua Cai Jing·2025-09-24 06:18