Affected by the commodity market, general sell-off in stock market and the upvaluation of U.S dollar, LME lead continued to drop to USD1067/MT on Wednesday.

Following the downtrend of last week, lead price dropped further this week in Chinese market.

Due to the oversupply, slackening demand ,the speed of price-drop sped up on Wednesday and Thursday.1#  Lead price was down from RMB12400/MT last week to RMB10600/MT. 2# Lead dropped to RMB10300/MT.  Effected by the dropping price of lead ingot, lead scrap and scrap lead-acid battery also declined to RMB4600/MT and RMB4400/MT separately. Most participants hold pessimistic attitude and predicted that the prices of lead might drop below RMB10000/MT in the near term.