Lead Price OutlookLead prices rose through much of June as investors’ anxieties eased in the run-up to a nascent truce in the ongoing trade war between the United States and China, while disrupted supply chains also provided some lift early in the month. The outset of July saw prices slip, however. On 5 July, nickel prices traded at USD 1,856 per metric ton, which was 2.5% lower than on the same day in June. Moreover, the price was down 7.5% on a year-to-date basis and was 21.1% lower than on the same day of last year. Rapprochement in the tit-for-tat U.S.-China trade war at the end of June was preceded by weeks of improving economic sentiment as the world’s two largest economies hinted at hopes of a truce. Gains were later pared back, however, as tepid manufacturing activity in China—along with equally weak readings across the U.S. and the Eurozone—hinted at a slowdown of the global economy. In early June, an outage at the Port Pirie smelter in Australia exacerbated concerns over supply just as inventories were bottoming out at their lowest levels in a decade. Notably, this year’s supply deficit could persist over the short-term.
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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