Why are Lead Prices so high?
30-01-2026 - Over the past month, the price of lead as a raw material has experienced minimal fluctuation, with a slight decrease from $1968.25/t to $1966.28/t. This suggests a relatively stable market with only a minor downward trend in lead prices. The forecast predicts a further decrease to $1950.0/t, down 0.8% from the current price of $1966.28/t, indicating a generally flat trend with minimal risk due to the slight price change.
The current forecast highlights significant downward pressure on raw material prices, primarily influenced by technical data, which has a -$21.1/t impact. Key factors contributing to this pressure include Traders' Positions, which account for a -$22.49/t impact, and the Futures Curve, which contributes $10.26/t. All data types are consistent, showing no upward pressure on prices.
According to a recent report by Fastmarkets, LME lead prices are expected to remain around $2,000 per tonne through 2027, suggesting a stable price trend without significant upward movement. This projection aligns with the forecasted price decrease to $1,950 per tonne in the coming month, reinforcing the anticipated downward trend.
The current forecast highlights significant downward pressure on raw material prices, primarily influenced by technical data, which has a -$21.1/t impact. Key factors contributing to this pressure include Traders' Positions, which account for a -$22.49/t impact, and the Futures Curve, which contributes $10.26/t. All data types are consistent, showing no upward pressure on prices.
According to a recent report by Fastmarkets, LME lead prices are expected to remain around $2,000 per tonne through 2027, suggesting a stable price trend without significant upward movement. This projection aligns with the forecasted price decrease to $1,950 per tonne in the coming month, reinforcing the anticipated downward trend.
What is the current / spot price of Lead?
Lead Price Today
January 30, 2026
Current Price
1966.28
$/t
What is the forecast for the price of Lead?
Lead Price Forecast
January 30, 2026
1 Month Forecast
1950
$/t
1 Year Forecast
1809.97
$/t
What are the short-term drivers of Lead prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - The net positions of speculators on the LME - Movements in the Australian Dollar - Short term price trends - Lead LME Delivered Out Br(None) The top contrary drivers for the 1 Month horizon are: - The shape of the futures curve
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 - China 300 Index - Lead LME Closing Stock Br(None) The top contrary drivers for the 1 Year horizon are: - Movements in the Peruvian Sol
Will the price of Lead go up?
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