Why are Lead Prices so high?
06-02-2026 - Over the past month, the price of lead as a raw material has decreased from $2,037.4 per tonne to $1,906.9 per tonne. This decline suggests a downward trend in the market, possibly due to changes in supply-demand dynamics or broader economic factors impacting raw material prices. The forecast for lead is $1,927.11 per tonne, representing a slight increase of 1.1% from the current price of $1,906.9 per tonne. This indicates a generally stable trend with minimal risk, as the price change is only $20.21 per tonne.
The current forecast presents mixed signals. Technical data, significantly influenced by the Futures Curve, suggests upward pressure with an impact of $18.02 per tonne. However, data on Flows and Supply indicates downward pressure, contributing to uncertainty in raw material price trends. According to Trading Economics, as of February 3, 2026, lead was trading at $1,975.95 per tonne, with expectations to reach $2,015.84 per tonne by the end of the current quarter. This projection aligns with the forecasted upward trend in lead prices.
Overall, while the recent decline in lead prices points to a downward trend, the forecast and external projections suggest a potential stabilization or slight increase in the near future, reflecting a complex interplay of market forces.
The current forecast presents mixed signals. Technical data, significantly influenced by the Futures Curve, suggests upward pressure with an impact of $18.02 per tonne. However, data on Flows and Supply indicates downward pressure, contributing to uncertainty in raw material price trends. According to Trading Economics, as of February 3, 2026, lead was trading at $1,975.95 per tonne, with expectations to reach $2,015.84 per tonne by the end of the current quarter. This projection aligns with the forecasted upward trend in lead prices.
Overall, while the recent decline in lead prices points to a downward trend, the forecast and external projections suggest a potential stabilization or slight increase in the near future, reflecting a complex interplay of market forces.
What is the current / spot price of Lead?
Lead Price Today
February 6, 2026
Current Price
1906.9
$/t
What is the forecast for the price of Lead?
Lead Price Forecast
February 9, 2026
1 Month Forecast
1927.11
$/t
1 Year Forecast
1829.71
$/t
What are the short-term drivers of Lead prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The shape of the futures curve - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - Movements in the Australian Dollar - Long term price trends - Lead LME Delivered Out
What are the long-term drivers of Lead prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - The shape of the futures curve - Long term price trends - Lead LME Closing Stock Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on the LME - Movements in the Peruvian Sol
Will the price of Lead go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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The Latest Lead News
ChAI Blog
Supply and Demand Were Both Weak Before the Holiday, and Lead Prices Are Expected to Continue in the Doldrums [SMM Lead Morning Meeting Minutes]
February 6, 2026
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