Lead Price OutlookLead prices, which have trended downwards since March this year, dipped slightly at the beginning of June. On 7 June, the spot price closed the day at USD 1,843 per metric ton, which was 0.3% lower than on the same day a month earlier. Moreover, the price was down 8.2% on a year-to-date basis and was 26.9% lower than on the same day last year. Weaker growth in China’s manufacturing sector and elevated US-China trade tensions have weighed on investor sentiment, suppressing base metal prices in turn. Prices did recover somewhat at the beginning of the month following the Federal Reserve’s dovish comments on 4 June and the Chinese Premier Li Keqiang’s recent announcement that value-added taxes for the manufacturing industry would be kept low to encourage greater innovation. However, prevailing uncertainty regarding the outcome of trade talks continues to dominate and has led to losses overall. Meanwhile, supply has been rising, with the latest available data for Q1 showing production outpacing usage, adding further 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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