A sharp increase in London Metal Exchange warehouse stockpiles pressured lead prices, marking the largest single delivery jump in exchange data stretching back at least to 1970.
Lead prices fell after London Metal Exchange warehouse inventories recorded their largest single delivery surge since at least 1970. The move points to a sudden rise in exchange-monitored supply, which can weigh on prices by signaling looser near-term market conditions. The post did not provide the size of the inventory increase or the extent of the price decline.