LEAD SNAPSHOT: Premiums hold as demand loosens

Key data from June 30 pricing session.

June 30, 2015

Key data from June 30 pricing session.

Lead MB Battery grade free market premium in warehouse (€ per tonne)

Today	Previous	Change to midpoint of range	Midpoint % change
85-135	85-135	0	0

Rotterdam, Lead average premium, 99.97% purity, in warehouse ($ per tonne)

Today	Previous	Change to midpoint of range	Midpoint % change
25	25	0	0

Key drivers
-Lack of spot demand for lead.
-Consumers are covered for the summer.

Key quotes
“There’s no interest in Europe at all. People just aren’t buying anything – there’s so much material around.”
-Trader

“There’s nothing around to push lead either way. Traded volumes are small because nobody needs to stock up ahead of September or so.”
-Trader