Lead Price OutlookLead prices gained ground in early February. On 8 February, the spot price closed the day at USD 2,063 per metric ton, which was 5.5% higher than on the same day a month earlier and was up 2.8% on a year-to-date basis. However, the price was 18.6% lower than on the same day last year. The rise in prices came as the U.S. Federal Reserve took a dovish stance at its first meeting of the year held on 31 January, opting to keep interest rates unchanged and pledging a wait-and-see approach. The U.S. dollar consequently lost ground and led investors to take greater positions in base metals. While prices have climbed recently, prospects for base metals have otherwise been dim. A continued decline in China’s manufacturing PMI in January, signaling another month of contraction in Chinese manufacturing activity, partially offset the price gains made at the start of February. As the world’s largest consumer of lead, the downturn in the Chinese manufacturing sector has exerted downward pressure on prices.
Lead Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Lead Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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