Improvement in China auto sales could support lead price, ICBC says

Lead prices can find support from any improvement of auto sales in China, while the contraction in automotive sales is losing momentum, ICBC Standard Bank said in a research note on April 17.

“Any improvement in the autos sector would present an important change for both lead and palladium [prices],” ICBC Standard Bank, a leading financial market and commodities bank, said.

The lead cash price on the London Metal Exchange closed at $1,917 per tonne on April 17, down 11% from this year’s high of...

Published

Burcu Cura

April 23, 2019

10:55 GMT

London