Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - The lead market is supported by peak - season expectations, and the lead trend strength is 0, indicating a neutral view [1] Group 3: Summary According to Related Catalogs Fundamental Tracking - Price and Volume: The closing price of the Shanghai lead main contract was 17,075 yuan/ton, down 0.90%; the LME 3M electronic lead contract closed at 2,017 dollars/ton, down 0.98%. The trading volume of the Shanghai lead main contract was 52,461 lots, an increase of 21,564 lots; the LME lead trading volume was 6,377 lots, a decrease of 761 lots. The open interest of the Shanghai lead main contract was 53,479 lots, an increase of 945 lots; the LME lead open interest was 146,681 lots, a decrease of 1,466 lots [1] - Premium and Discount: The premium of Shanghai 1 lead was - 25 yuan/ton, an increase of 30 yuan/ton; the LME CASH - 3M premium was - 33.62 dollars/ton, a decrease of 11.04 dollars/ton. The PB00 - PB01 spread was - 30 yuan/ton, a decrease of 5 yuan/ton; the import premium was 105 dollars/ton, unchanged [1] - Import Profit and Loss: The spot import profit and loss of lead ingots was - 780.26 yuan/ton, an increase of 220.57 yuan/ton; the import profit and loss of the third - consecutive Shanghai lead contract was - 591.61 yuan/ton, an increase of 201.81 yuan/ton [1] - Inventory: The Shanghai lead futures inventory was 52,901 tons, an increase of 2,268 tons; the LME lead inventory was 249,375 tons, a decrease of 3,000 tons. The LME lead cancelled warrants were 54,475 tons, a decrease of 3,000 tons [1] - Recycled Lead: The price of waste electric vehicle batteries was 10,300 yuan/ton, unchanged; the price of recycled refined lead was 16,900 yuan/ton, a decrease of 50 yuan/ton; the comprehensive profit and loss of recycled lead was - 408 yuan/ton, a decrease of 41 yuan/ton [1] News - Trump may expand the 50% copper tariff to semi - finished products, which may impact the construction of the US power grid and data centers [1] Trend Intensity - The lead trend intensity is 0, with the range of values being integers in the [- 2,2] interval, where - 2 means the most bearish and 2 means the most bullish [1]
铅:旺季预期支撑,沪铅连三进口盈亏
Guo Tai Jun An Qi Huo·2025-07-14 02:30