Into bear market territory Lead prices dropped to a low of $2,095 per tonne last week, extending the fall from the June high of $2,555.50 per tonne. Prices are now down 18% from the June high and 22% from the February high of $2,685 per tonne a correction of over 20% is considered to indicate a bear market. On the chart, the next level where we would expect strong support is around $2,045 per tonne the lows from May last year. Data shows shift into a supply surplus in May The latest ILZSG data shows that although the market was in a supply deficit of 43,000 tonnes in the first five...
Receive a free sample of market analysis and price forecasts.
Free SampleReceive 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 its published.
Subscribe