Stacked lead ingots

Lead Price Outlook

Lead 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)

2013  2014  2015  2016  2017  2018  
Lead2139.23  2095  1787.3  1866.99  2313.17  2239.45  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Lead Historical Price Chart


Lead historical price chart
Note: Lead prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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