Demand is still resilient in the off-season to support the development of lead prices.
Release time:
2023-02-07
Overnight, the lead shock was weak, opening at 2109 US dollars/ton, high at 2134.5 US dollars, low at 2076 US dollars, and closed at 2107.5 US dollars in late trading, down 8 US dollars, or 0.38 per cent; trading volume 5817 increased by 2149 hands, and open interest 104741 increased by 3 hands. In the evening, the main 2305 contract of Shanghai lead held steady, closing at 15340 yuan/ton, up 5 yuan, or 0.03 per cent. Today's spot lead price forecast: the market is still trying to solve the financial crisis, overnight Lun lead fell slightly; Henan Wanyang crude lead is routinely overhauled, and the short-term supply pressure is not great. At the same time, it benefits from the elimination period of over-standard electric bicycles and the promotion activities of car companies represented by Hubei. Demand is still resilient in the off-season, supporting lead prices. Spot lead is expected to remain stable today.
Overnight, the lead shock was weak, opening at 2109 US dollars/ton, high at 2134.5 US dollars, low at 2076 US dollars, and closed at 2107.5 US dollars in late trading, down 8 US dollars, or 0.38 per cent; trading volume 5817 increased by 2149 hands, and open interest 104741 increased by 3 hands. In the evening, the main 2305 contract of Shanghai lead held steady, closing at 15340 yuan/ton, up 5 yuan, or 0.03 per cent.
Today's spot lead price forecast: the market is still trying to solve the financial crisis, overnight Lun lead fell slightly; Henan Wanyang crude lead is routinely overhauled, and the short-term supply pressure is not great. At the same time, it benefits from the elimination period of over-standard electric bicycles and the promotion activities of car companies represented by Hubei. Demand is still resilient in the off-season, supporting lead prices. Spot lead is expected to remain stable today.
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