Research

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

Change font size:   

March 2020 | Base Metals


Lead: Further demand downgrades


After sharp drops in equity indices and metal prices at the start of last week, lead prices did start to rebound and consolidate, ending the week at $1,635 per tonne, 4.1% off Wednesday’s low of $1,570 per tonne. From the pre-virus high of $2,038 to last week’s low, lead had fallen 23%. But we do not think prices have bottomed yet and expect more volatility ahead. We have also made further demand downgrades this week which have enlarged the global oversupply expected in 2020.

Unprecedented demand shock Attempts to...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?