Lead Price OutlookLead prices traded lower in recent weeks, reaching an eight-month low in early May amid ongoing volatility in commodity markets and a strong U.S. dollar. Supply- and demand-side fundamentals have, however, remained relatively stable since the outset of the year. On 11 May, the spot price closed at USD 2,293 per metric ton, which was 4.7% lower than on the same day a month earlier. Moreover, the price was down 7.7% on a year-to-date basis but was up 5.6% from the same day last year. Global geopolitical uncertainties have continued battering lead prices since the broad commodity sell-off began early this year. Most notably, fears of an escalating trade war between the United States and China—despite milder rhetoric recently—continue weighing on prices and threatening to dampen global demand for the commodity. Moreover, the U.S. dollar remains strong despite softer economic data out of the U.S. in recent weeks hinting at the possibility of fewer rate hikes by the Fed this year. Lighter lead inventories, on the other hand, cushioned prices somewhat.
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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