Commodity Market Report
Global lead short-term outlook August 2018
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Report summary
The base metals price slide started in early June continued into August. Lead ran with the pack, dipping to a 22-month low mid month, driven downwards by market worries over looming trade disputes and a strengthening dollar. Easing of international tensions softened the dollar, allowed prices to rebound and recover some value. Leads fundamentals reasserted themselves, with concerns resurfacing over refined lead availability further into H2 2018 and beyond in early 2019. This helped the lead price recover to finish August at $2071/t, just 2.1% down on the start of the month. The crucial factors in September will be the dollar strength, as a reaction to trade tensions, and the developing lead supply situation.
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