Lead Prices

Lead prices averaged USD 2,031 per metric ton in March, up 3.8% from February. On 31 March, the commodity traded at USD 1,984 per metric ton, up 0.9% from 28 February.

In March, healthier demand conditions more than offset improvements in supply. The manufacturing PMI in China rose to a one-year high, hinting at stronger dynamics in the manufacturing sector. Moreover, the recent announcement of stimulus policies in the country provided an additional tailwind to prices. On the flip side, both primary and secondary lead output in China increased markedly month-on-month in March, limiting price gains.