Commodity Prices - Lead
Lead as a commodity is used in many industrial and consumer applications and is valued as a rather cheap non-ferrous metal. The commodity price for lead depends on the production, inventories and demand for this metal. News from ore producers, refineries and the biggest consumers are posted into this blog category.
Hogs & Crude Oil Gained; Lead Slid
Hogs jumped to 2-months high on speculation that bacon demand is rising with restoration of the U.S. economy. Retailers may increase purchases. December settlement for hog futures gained $0.018 (3.6 percent) to $0.5145 per pound as of 10:40 on CME.
Crude oil gained as the International Energy Agency increased its forecast for global demand in 2010 and a government report showed that U.S. stockpiles declined. World oil demand is likely to reach 85.7 million barrels a day next year, 450,000 barrels a day more than estimated in August. U.S. crude-oil stockpiles decreased 5.91 million barrels to 337.5 million last week. Expectations are based on stronger North American and Chinese demand. Crude oil for October delivery advanced $0.38 (0.5 percent) to $71.69 per barrel by 13:01 on the New York Mercantile Exchange.
Lead slid to 11-months low in London after a report that production in China will exceed local demand this year. China, the biggest lead producer and consumer in a world, will have a 2.87 million-metric-ton surplus. Lead for three-month delivery declined $289.50 (12 percent) to $2,115.50 per metric ton on LME at 17:18.
Commodity Prices – August 27, 2008
Gold N.Y. Spot $ 827.60
Silver N.Y. Spot $ 13.54
Lead LME Cash $ 0.8689
Copper LME Cash $ 3.4587
Zinc LME Cash $ 0.8065
Nickel LME Spot $ 9.26
Aluminum LME Spot $ 1.2356
Platinum N.Y. Spot $ 1440.00
Palladium N.Y Spot $ 294.50
Oil WTI Cushing $ 118.20
Natural Gas (Henry Hub)($/MMBtu) $08.01
Commodity Prices – August 20, 2008
Gold N.Y. Spot $ 805.20
Silver N.Y. Spot $ 12.90
Lead LME Cash $ 0.8246
Copper LME Cash $ 3.4786
Zinc LME Cash $ 0.7679
Nickel LME Spot $ 8.87
Aluminum LME Spot $ 1.2333
Platinum N.Y. Spot $ 1357.00
Palladium N.Y Spot $ 284.50
Oil WTI Cushing $ 116.70
Natural Gas (Henry Hub)($/MMBtu) $07.72
Commodity Prices – August 1, 2008
Gold N.Y. Spot $ 912.40
Silver N.Y. Spot $ 17.61
Lead LME Cash $ 0.9775
Copper LME Cash $ 3.6719
Zinc LME Cash $ 0.8394
Nickel LME Spot $ 8.23
Aluminum LME Spot $ 1.3027
Platinum N.Y. Spot $ 1666.50
Palladium N.Y Spot $ 364.50
Oil WTI Cushing $ 127.90
Natural Gas (Henry Hub)($/MMBtu) $09.26
Commodity Prices – July 31, 2008
Gold N.Y. Spot $ 914.80
Silver N.Y. Spot $ 17.62
Lead LME Cash $ 1.0111
Copper LME Cash $ 3.7467
Zinc LME Cash $ 0.8646
Nickel LME Spot $ 8.45
Aluminum LME Spot $ 1.3281
Platinum N.Y. Spot $ 1755.00
Palladium N.Y Spot $ 381.50
Oil WTI Cushing $ 124.40
Natural Gas (Henry Hub)($/MMBtu) $09.00
Commodity Prices – July 30, 2008
Gold N.Y. Spot $ 897.90
Silver N.Y. Spot $ 17.10
Lead LME Cash $ 1.0161
Copper LME Cash $ 3.6515
Zinc LME Cash $ 0.8448
Nickel LME Spot $ 8.26
Aluminum LME Spot $ 1.3177
Platinum N.Y. Spot $ 1724.00
Palladium N.Y Spot $ 371.50
Oil WTI Cushing $ 123.20
Natural Gas (Henry Hub)($/MMBtu) $09.17
Commodity Prices – July 25, 2008
Gold N.Y. Spot $ 920.30
Silver N.Y. Spot $ 17.19
Lead LME Cash $ 0.9707
Copper LME Cash $ 3.7009
Zinc LME Cash $ 0.8278
Nickel LME Spot $ 8.26
Aluminum LME Spot $ 1.3186
Platinum N.Y. Spot $ 1726.00
Palladium N.Y Spot $ 383.00
Oil WTI Cushing $ 123.60
Natural Gas (Henry Hub)($/MMBtu) $09.69
Commodity Prices – July 24, 2008
Gold N.Y. Spot $ 918.65
Silver N.Y. Spot $ 17.16
Lead LME Cash $ 0.9888
Copper LME Cash $ 3.7460
Zinc LME Cash $ 0.8578
Nickel LME Spot $ 8.62
Aluminum LME Spot $ 1.3318
Platinum N.Y. Spot $ 1734.00
Palladium N.Y Spot $ 386.50
Oil WTI Cushing $ 124.60
Natural Gas (Henry Hub)($/MMBtu) $09.85
USD-AUD $ 1.0421
AUD-USD $ 0.9596
CAD-USD $ 0.9913
USD-CAD $ 1.0088
EUR-USD $ 1.5672
Commodity Prices – July 23, 2008
Gold N.Y. Spot $ 927.70
Silver N.Y. Spot $ 17.70
Lead LME Cash $ 0.9675
Copper LME Cash $ 3.7689
Zinc LME Cash $ 0.8550
Nickel LME Spot $ 9.18
Aluminum LME Spot $ 1.3454
Platinum N.Y. Spot $ 1753.00
Palladium N.Y Spot $ 388.50
Oil WTI Cushing $ 126.40
Natural Gas (Henry Hub)($/MMBtu) $10.16
Commodity Prices – July 22, 2008
Gold N.Y. Spot $ 958.45
Silver N.Y. Spot $ 18.14
Lead LME Cash $ 0.9793
Copper LME Cash $ 3.8284
Zinc LME Cash $ 0.8550
Nickel LME Spot $ 9.24
Aluminum LME Spot $ 1.3699
Platinum N.Y. Spot $ 1855.00
Palladium N.Y Spot $ 416.50
Oil WTI Cushing $ 127.10
Natural Gas (Henry Hub)($/MMBtu) $10.59
