Lead Price OutlookLead prices continued to climb at the beginning of March. On 8 March, the spot price closed the day at USD 2,074 per metric ton, which was up 0.5% from the same day a month earlier and was 3.3% higher on a year-to-date basis. However, the price was down 11.2% from the same day last year. Prices were pushed up after optimism rose over a potential U.S.–China trade deal, which saw traders sell the dollar and take greater positions in base metals. However, the dollar gained ground following the 7 March announcement of a fresh stimulus program by the European Central Bank and confirmation that the normalization of monetary policy would be delayed till 2020, triggering a slide in base metal prices. Moreover, downward pressure on prices has also stemmed from persistent weakness in China’s manufacturing sector. While the manufacturing PMI for China rose in February, it remained in contractionary territory, thus boding ill for lead demand given China is the world’s largest consumer of lead.
Lead Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Lead Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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