INTL ZINC & LEAD CONF: Lead price could rebound to $2,100/t in 2019 before falling again – Macquarie

摘要

The lead price could rebound above $2,000 per tonne and eventouch $2,100 per tonne in the next six months because it is oversoldand supply and demand conditions remain tight this year,Macquarie bank said on Tuesday April 16.“The recent decline in the lead price is overdone and was on theback of a large re-warranting in Asia rather than a change infundamentals,” Macquarie metals strategist Vivienne Lloyd said atFastmarkets’ International Lead & Zinc conference in London.“We expect the price to move back above $2,000 in the next threeto six months,” she added.