Lead Price Outlook
Lead prices rose over the past month on improved market sentiment ahead of the signing of the “phase one” trade deal between the U.S. and China. On 17 January, lead traded at USD 1,974 per metric ton, which was up 5.7% from the same day a month earlier. Meanwhile, the price was 3.2% higher on a year-to-date basis and was up 1.4% from the same day of last year. Increasing optimism over the demand outlook for the base metal in the run-up to the signing of the “phase one” trade deal between the U.S. and China on 15 January put upward pressure on prices. In addition, in December, conditions in the Chinese manufacturing sector improved while exports rose for the first time in five months, thus further supporting prices and boding well for the demand outlook. Meanwhile, expected lower Chinese lead output in January due to the closure of small- and medium-sized smelters amid the Chinese New Year holiday also likely helped push up prices further.Lead Price History Data (USD per metric ton, aop)
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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