Lead Price OutlookPrices for lead plunged over the past month, tracking the downturn in the base metals market. Prices averaged USD 2,148 per metric ton in May, which was 10.0% lower than April's price of USD 2,386 per metric ton. May’s average price for lead was down 1.5% from the same month last year. Meanwhile, on 31 May, lead traded at USD 2,174 per metric ton, which was down 3.8% from the same day of the previous month. The lead price rally ran out of steam in May, with prices plunging on a weaker demand backdrop, and as supply fears stemming from the Russia-Ukraine war eased. In May, industrial activity in top consumer China was constrained by Covid-19 restrictions, which boded ill for lead consumption and thus weighed on prices. On a global level, deteriorating GDP growth prospects, amid soaring inflation and tightening monetary conditions in most developed economies, likely further dented demand, and hurt prices in turn. Notably, major lead-acid battery-baking companies cut output as consumption appeared to be weakening, while the supply of secondary lead rose, both of which likely added further downward pressure on prices.
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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