Lead Price OutlookThe global lead market fell back into a supply deficit in September, as demand continued to outpace supply, supporting prices for the commodity. As a result, lead prices continued on the upward trend that stared in the second half of the year. On 1 December, the spot price closed the day at USD 2,547 per metric ton, which was 3.0% higher than on the same day in November. Furthermore, the price was up 27.4% on a year-to-date basis and was 10.8% higher than on the same day last year. Lower supply levels are in part due to China’s transformation from being a net exporter to a net importer of lead, despite the fact that Chinese lead production has increased this year; this indicates healthy demand in China. Supply chains in China have been disrupted by the government’s measures to fight pollution; the restrictions are, according to market analysts, the most severe in the country’s history. The measures disrupted supply chains by temporarily closing mines—the government is targeting output reduction as part of the reforms—leading to lower output.
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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