Japan Official Lead Price Downs by 3,000 yen/t

Mitsubishi Materials announced on Tuesday the firm decreased official lead ingot price by 3,000 yen to 244,000 yen per tonne for domestic shipment in December, when overseas lead market declined by 5% from the recent peak. The monthly averaged price became to 242,800 yen.

Lead spot price at London Metal Exchange decreased by US$ 10 to US$ 1,715 per tonne at settlement on Monday from Friday, which was US$ 1,805 on December 12 along which Mitsubishi Materials previously revised up the official price.

See the attached table.