First, the price trend

This week lead city (05.20-05.25) “V” type trend, the domestic market average price at the beginning of the week in 16175 yuan/ton, the weekend in 16300 yuan/ton, the weekly increase of 0.77%. The lead commodity index of May 24 was 99.20, up 0.68 points from yesterday, down 25.98% from 134.01 at the highest point in the cycle (2016-11-29), up 74.63 from its lowest point of 32.92% on March 19, 2015.

(Note: cycle refers to 2011-09-01 to date).

Second, the market trend analysis Domestic market: This week spot lead mainstream trading range in 16000-16375 yuan/ton. This week lead spot market resistance is better, in the general low metal environment to drive a single show in the futures market, this week downstream consumption is still relatively depressed, storage and procurement to just need to fill the warehouse mainly.

Shanghai Area Shanghai brand lead mainstream quotation maintained at about 16350-16450 yuan/ton, brand lead mainly concentrated in Sands, south, silver, etc.

Nonferrous Industries: This week, as Sino-US trade relations escalated again, the United States decided to impose sanctions on Huawei companies, the dollar’s safe-haven value showed a strong trend, standing above the 98 mark, surging to nearly two years high 98.37, and then because the United States economic data performance is not as expected, the dollar high fell sharply below the 98 mark, non-ferrous

Third, the outlook of the aftermarket Next week’s economic data set, the dollar has begun to show a high retreat, or will be this week’s broken decline in non-ferrous metals to form a repair market, but facing the end of the month, from the financial pressure and risk aversion is still the market’s main control factors, alert and concerned about the short power of the futures market and the spot market shippers toss cash. Sino-US trade disputes continue, lead prices are erratic, traders ‘ willingness to ship is stronger than last week, and lead prices are expected to rise next week.