Future price Lead market: As of 15 April, LME 3M lead increased by $14 (+0.72%) compared to the previous session. Prices showed steady upward momentum, briefly testing $1,952.5/mt, with support near $1,935/mt, prices holding near intraday highs, suggesting continued resilience in the short term.
Highlights of SEA countries spot lead market: Overall, the lead import market has slowed down. The ongoing situation in Middle East has increased ocean freight, affecting the willingness to import refined lead to distant markets such as Korea and India. Also, higher business loan interest rates in Vietnam, now at 8%, are prompting smelters and battery companies to reduce costs by limiting raw material inventories. Purchases are made on a hand-to-mouth basis, only against confirmed orders.
