On Tuesday night, the U.S. dollar index fell in late trading, while the LME nonferrous metal market closed higher, boosted by the U.S. dollar. The majority of domestic metals rose in early trading today, and Shanghai lead continued its weak trend at night. By the end of the 23rd, the settlement price of the main contract of Shanghai lead 2107 was 15490 yuan / ton, down 0.32%.

The price of lead ingot in the domestic spot lead market is about 15250-15350 yuan / ton, with an average price of 15300 yuan / ton, up 75 yuan / ton from the previous trading day. At present, the tight supply of domestic ore end is still continuing, which has a certain support for the price of lead. However, the willingness to receive goods from downstream is still low, the overall trading atmosphere of the market is still weak, and purchasing on demand is maintained. In the future, the business community believes that under the situation that the downstream demand has not yet recovered, it is difficult for the lead price to fluctuate greatly, and the fluctuation trend will still be maintained in the short term.