In the morning of March 1, the futures market rose slightly, and part of the spot market rose slightly. The quotation range of 1# lead ingot in the domestic spot lead market was around 15,350-15,450 RMB/ton, and the average price was 15,400 RMB/ton, up 25RMB/ton from the previous trading day.
Analysis review
From a fundamental point of view, lead companies gradually resumed production after the holiday. With the end of the holiday, the operating rate of downstream battery companies had gradually increased. As the market approached the traditional off-season in March, the overall mentality of the market was weak, the output of battery companies was expected to decline, and the current price advantage of secondary lead was obvious, some demand turned to the secondary lead market, which once again affected the primary lead market mentality.
The current social inventory is still high, dragging down the market mentality.
