Lead spot prices went up during November 2016. Why?

[Russel Nash]

http://www.infomine.com/ChartsAndData/GraphEngine.ashx?z=f&gf=110567.USD.lb&dr=1m

Does anybody here know why?

Is this a typical trend every November?

[Hickory]

My first thoughts are supply and demand might have something to do with it.

[Russel Nash]

My first thoughts are supply and demand might have something to do with it.

I thought I had read here on this forum years ago that prices go up near the end of the year as whatever industries that buy lead put in their orders for next year.

And then there are individual price spikes right before each quarter, again, as these industries order more raw lead for the next quarter.

[dragon813gt]

Doe Run

[Russel Nash]

Doe Run

Is Doe Run closed down now?

[375supermag]

It was all my fault.
I bought a lot of cast lead bullets just before the election.

[dragon813gt]

Is Doe Run closed down now?

It's been closed for a few years. It's always Doe Run's fault :laugh:

[runfiverun]

it seems there is a yearly spike.
then that spike is passed along to the consumer at the first of the next year.

I have been watching the ticker and lead has been flat for a few months.
then it went straight up, come down some, then spiked again, and is riding that wave.
how much it will come down again or how long that will take [shrug]

[JonB_in_Glencoe]

TRUMP, I tell ya, It's TRUMP [smilie=1:

[Mica_Hiebert]

Car batteries tend to give up the ghost once it starts freezing, so maybe a supply spike due to that or... at my work in years past due to holiday shut downs from our metals vendors we have ran out at the end of the year causing unscheduled shut downs so now they order extra before the end of the year to ensure the holidays don't disrupt production

[starbits]

Since Jan 16 all base metals are up
Tin up 61% $6.00 to $9.68
Nickel up 42% $3.50 to $4.97
Aluminum up 18% $0.66 to $0.78
Copper up 32% $1.97 to $2.60
Zinc up 83% $0.67 to $1.23

lead is up about 47% from $0.72 to $1.06 so it falls pretty much in the range of everything else. I would say it is an indicator the global economy is heating up again.

Starbits

[dragon813gt]

I will be happy when copper gets to $2 and thrilled if it reaches $3 and above. I've been sitting on a large stash of scrap for awhile. I can afford to wait for prices to go up. When everything is up it makes taking motors in worth it. At $0.05 a # it's to much work for no payout.

[tomme boy]

Brass was paying $1.62 last week here.

[Point-Man]

I wish we could get that here . Birmingham is only paying .65 #. I was planing on selling mine and buying a 1903A3. I have about eight hundred pounds saved up. I`ll wait.

[Loudy13]

The bucket of wheel weights I got yesterday for free didn't seem to be affected by the spike!

[funnyjim014]

Well I hope iron goes up. I have been sitting on 2+ton of brake rotors that need to go. Nothing will top the 2008 Beijing Olympics, rotors went from 130/ton to 450 a ton in a mater of weeks but went down just as fast

[garym1a2]

This was my guess as well. Most of the time cold weather is when batterys die. Just as hot weather is when most alternators die.

Car batteries tend to give up the ghost once it starts freezing, so maybe a supply spike due to that or... at my work in years past due to holiday shut downs from our metals vendors we have ran out at the end of the year causing unscheduled shut downs so now they order extra before the end of the year to ensure the holidays don't disrupt production

[randyrat]

TRUMP, I tell ya, It's TRUMP [smilie=1:

No Jon, it's Bush's fault