Description
The LME Lead Premium/Discount (0-3) is published by the London Metal Exchange (LME). This indicator reflects the premium or discount for lead in the spot market compared to the three-month futures contract. It is used to gauge the immediate demand and supply balance for lead. A positive value indicates a premium, suggesting higher immediate demand, while a negative value indicates a discount, suggesting lower immediate demand.
The LME Lead Premium/Discount is calculated as the difference between the spot price of lead and the three-month futures price. The data is collected from daily trading activities on the LME.
This data is updated daily, reflecting the latest trading activities and market conditions.