Lead Price OutlookLead prices fell over the past month on sinking industrial demand amid the coronavirus outbreak. On 14 February, lead traded at USD 1,896 per metric ton, which was 1.8% lower than on the same day a month earlier. Meanwhile, the price was down 0.9% on a year-to-date basis and was 6.8% lower than on the same day of last year. Depressed industrial demand due to the coronavirus outbreak weighed on lead prices in recent weeks. Transport restrictions introduced to prevent the spread of the virus slashed Chinese manufacturing demand and increased inventories. Stockpiles at plants and in transit have surged as smelters struggle to move materials around. In addition, due to the logistical bottleneck and with workers being quarantined, smelters that were closed during the Chinese New Year holidays have been forced to postpone resumption of activity, further delaying manufacturing restarts and thus put downward pressure on prices for the base metal.
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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