LME Pb stocks below 80kt!, page-6

Over at FocusEconomics, analysts polled were a mixed bag on prices.

“Improved supply and demand dynamics in winter months and still-solid demand for lead-heavy vehicle batteries should support lead prices in the coming quarters. Moreover, the recent easing in tensions between the US and China could bode well for prices going forward,” the analysts said.

They see prices averaging US$2,251 per metric tonne in Q4 2019, and US$2,237 in Q4 2020.

For 2019 as a whole, the analysts posted a consensus forecast of US$2,221 through the year, with the lowest forecast coming from Liberum Capital, which predicts a price of US$1,834. The most bullish prediction is from Fitch Solutions, at US$2,500.

Personally I like the Fitch number