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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2019 | Base Metals


Lead: Prices accelerate lower


The slide in lead continued last week with the LME price dropping 3.7% to $1,819 per tonne, but it has since gone on to breach $1,800 per tonne. With the US-China trade negotiations turning sour and the US increasing tariffs on Chinese imports, China is expected to retaliate, which could further hit the auto market.

$1,800 per tonne breached... The slide in lead continued last week with the LME price dropping 3.7% to $1,819 per tonne, but it has since gone on to breach $1,800 per tonne. With the US-China trade negotiations turning sour and the US increasing tariffs on imports from China, China is expected to retaliate, which could hit China’s demand for US vehicles. ...as prices give back 78% of 2015-2018 gains With three-month lead prices beaching $1,800 per tonne, prices are back at levels last seen in August 2016, which was when they were rising from the trough...

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