Lead Price OutlookLead prices reached their highest level since August 2011 in early October, mainly due to developments in China. On 6 October, the spot price closed the day at USD 2,517 per metric ton, which was 8.9% higher than on the same day in September. Furthermore, the price was up 25.9% on a year-to-date basis and was 23.1% higher than on the same day last year. Although activity in the Chinese market was quiet in the first week of October due to a national holiday, developments continue to push up lead prices. Concerns over supply issues in China are building amid the ongoing environmental inspections of aging metals and mining operations. The combination of strong demand and month-long shutdowns of mines has reduced Chinese stockpiles to critically low levels. In August, stockpiles hit the lowest level since November of last year due to these inspections.
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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