Description
The Spot-Futures price of Lead on the London Metal Exchange (LME) is published by the LME. It serves as a benchmark for the pricing of lead in various financial and industrial applications. The indicator is crucial for assessing market conditions, hedging strategies, and price risk management in the lead market. Higher spot prices compared to futures prices may indicate supply constraints or increased demand, while lower spot prices may suggest oversupply or reduced demand.
The Spot-Futures indicator for LME Lead is calculated by comparing the current spot price of lead with its futures prices. The spot price is the current market price at which lead can be bought or sold for immediate delivery, while futures prices are agreed upon contracts for delivery at a future date.
The data is updated daily as the LME operates on business days. The spot and futures prices are published in real-time during LME trading hours.