Lead Price Outlook
Lead prices were broadly stable in recent weeks, following a tumultuous summer which saw prices tumble over 20.0% from the beginning of June to mid-August amid the emerging-market selloff and increased uncertainty surrounding the U.S.-China trade war. On 5 October, the spot price closed at USD 1,977 per metric ton, which was 2.7% lower than on the same day a month earlier. Moreover, the price was down 20.4% on a year-to-date basis and was 23.5% lower than on the same day last year. Sustained fears stemming from souring global trade relations, possible contagion from the currency crises in Turkey and Argentina to other emerging-market economies, and doubts over the Chinese manufacturing sector’s long-term health continued to weigh on lead prices throughout September and at the beginning of October. Healthy demand-side fundamentals, however, partially offset negative price pressures. Prices were supported by robust U.S. economic data with business activity exceeding market expectations in September. This, coupled with positive economic data from China—the world’s largest consumer of the base metal—helped stabilize lead prices somewhat, despite U.S. trade tariffs.Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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