Weather may give lead a boost: market

Feb 12, 2014 | 06:25 PM | Barbara O'Donovan

Tags  ead, lead premiums, lead-acid batteries, lead deficit, Bank of America Merrill Lynch, Barclays Capital, London Metal Exchange, Barbara O'Donovan




NEW YORK — Lead premiums remain unchanged in the United States, although several market participants said the ongoing severe winter weather in many parts of the nation could boost demand from battery makers.

AMM’s premiums for spot lead held in a range of 12 to 14 cents per pound Feb. 12 for the seventh consecutive month. The majority of reported spot business continues to take place between 12 and 14 cents, although some business was reported on either side of the range.

Buyers and sellers described the market as "static" overall, but added that they expect higher demand for replacement batteries due to the cold weather.

A source at one battery marker said he believes premiums are already beginning to edge up slightly.....





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