Lead Price Outlook
Lead prices fell in recent weeks, largely owing to soft demand in China despite upbeat manufacturing activity. On 11 September, lead traded at USD 1,861 per metric ton, which was down 4.2% from the same day a month earlier. That said, the price was 2.8% lower on a year-to-date basis and it was down 11.0% from the same day of last year. Throughout most of Q3, lead prices benefited from strengthening manufacturing activity in China, the world’s top lead consumer. China’s PMI reading came in at 51.0 in August, signaling the economy’s continued recovery from the coronavirus crisis amid the government’s efforts to spur infrastructure investment. Furthermore, a weak U.S. dollar, weighed on by the Fed’s change in policy objective in favor of above-target inflation and lower interest rates for a prolonged period, provided an additional boost for prices. That said, fears of a flare up in the U.S.–China trade tensions and signs of softer Chinese demand conditions depressed prices in early September.Lead Price History Data (USD per metric ton, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Lead | 1787.3 | 1866.99 | 2313.17 | 2239.45 | 1996.65 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Lead Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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