Asian Lead Market Trades in Narrow Range with Mild Upward Momentum

Highlights of Future Lead 3M price:

During the Asian trading session, LME 3M lead prices moved in a narrow range, maintaining a firm tone despite low volatility. Prices traded between USD 1,951–1,965/t before settling at around USD 1,955.5/t, slightly down 0.10%.

Highlights of Asian lead market:

In the Asian lead market, activity remained subdued, though premiums stayed firm. Toward late April, pre-holiday refined lead production weakened compared to February and March due to persistent shortages of remelted lead. Tight energy supply also constrained smelter operations, with similar conditions seen in India. In response, some producers have shifted to tyre pyrolysis oil as a cheaper alternative to petrochemical fuels, though availability remains limited.