铅：区间震荡，沪铅连三进口盈亏

Group 1: Report Summary - The lead market is expected to experience range - bound fluctuations [1] Group 2: Core Data Price and Volume - The closing price of the main Shanghai lead futures contract was 16,655 yuan/ton, down 1.01% from the previous day; the closing price of the LME 3M lead electronic disk was 1,902 dollars/ton, down 0.47% [1] - The trading volume of the main Shanghai lead futures contract was 19,726 lots, an increase of 2,459 lots; the trading volume of LME lead was 3,146 lots, an increase of 213 lots [1] - The open interest of the main Shanghai lead futures contract was 30,993 lots, a decrease of 1,084 lots; the open interest of LME lead was 151,498 lots, a decrease of 5,095 lots [1] Premium and Discount - The premium of Shanghai 1 lead was 40 yuan/ton, unchanged from the previous day; the LME CASH - 3M premium was - 19.94 dollars/ton, an increase of 1.97 dollars/ton [1] - The PB00 - PB01 spread was 10 yuan/ton, an increase of 40 yuan/ton; the import premium was 105 dollars/ton, unchanged [1] Inventory - The Shanghai lead futures inventory was 57,977 tons, a decrease of 401 tons; the LME lead inventory was 283,125 tons, an increase of 17,575 tons [1] - The LME lead cancelled warrants were 122,950 tons, a decrease of 1,850 tons [1] Others - The price of waste electric vehicle batteries was 10,175 yuan/ton, unchanged [1] - The price of recycled refined lead was 16,675 yuan/ton, a decrease of 25 yuan/ton; the comprehensive profit and loss of recycled lead was - 435 yuan/ton, a decrease of 57 yuan/ton [1] - The spot import profit and loss of lead ingots was - 427.32 yuan/ton, a decrease of 28.88 yuan/ton; the import profit and loss of Shanghai lead continuous three - month contract was - 468.27 yuan/ton, an increase of 40.87 yuan/ton [1] Group 3: News - China's GDP in the first quarter increased by 5.4% year - on - year [1] Group 4: Trend Intensity - The trend intensity of lead is 0, indicating a neutral outlook [1]