After the latest pull-back, lead prices seem to have found a base around the $1,986/ tonne level. What is interesting is that prices avoided sinking back to the April and May lows, which is something that cannot be said about the other metals. As such, this suggests that lead is in a relatively stronger position than the rest of the pack - a view that is consistent with the fact that its fundamentals, at the moment at least, are stronger than most.
展开▼
