Lead Price OutlookLead prices continued to gain ground in January, as seasonal factors in the U.S. and China hit supply, while ongoing output restrictions in China, introduced by Beijing to limit pollution, persisted. These factors helped lead price reach multi-year highs at the end of January, before moderating slightly at the beginning of February. On 9 February, the spot price closed the day at USD 2,536 per metric ton, which was down 0.7% from the same day in January. Nevertheless, the price was 2.1% higher on a year-to-date basis and was up 8.5% from the same day last year. Strong Chinese demand for lead coupled with falling local supply is putting upward pressure on prices. Beijing’s efforts to curb pollution levels in winter has caused supply to fall, while additional demand was generated by the upcoming Chinese New Year period as traders began stocking up before the holiday period. Meanwhile, winter weather in the U.S. contributed to higher lead prices over the last month, and the pressure from seasonal factors is not expected to ease notably in the coming weeks.
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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