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Bad News - The Price of Lead

Discussion in 'Shooting Related Threads' started by BT-100dc, Oct 28, 2012.

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  1. BT-100dc

    BT-100dc Active Member

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    According to the website www.indexmundi.com, the price per metric ton (2,205 lbs.) increased 14.75% (from $1,897.77 to $2,177.68) from August, 2012 to September, 2012. These are end of month figures. This cannot be good for the price of shot and other lead-base shooting supplies. Since it's probably a leading indicator, look for shot prices to shoot (pardon the pun) up. Sorry to report this bad news. BT100dc
     
  2. lel4866

    lel4866 Member

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    Yes, but between then and now, they've fallen back down 15%. You can't look at this short term.

    http://www.lme.com/lead_graphs.asp

    My guess is most heavy consumers of lead hedge the price in the futures market, so they aren't as affected by short term spikes, just long term trends.
     
  3. hmb

    hmb Well-Known Member

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    It's the end of October and the price of lead is 91 cents a pound. That's about $1980 a metric ton. Looks like it's coming down a bit. You can check Kitco web site for up to date info on base metals. HMB
     
  4. BT-100dc

    BT-100dc Active Member

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    Thanks lel4966 & hmb. I've added www.kitco.com as a more day-to-day source. The other website only listed end of month data; it has good historical data back the last 10 years or so. Any idea how much time would be needed to reflect in a bag of shot? Anybody ever track raw lead prices and how long before it is reflected in the price of shot, give or take a couple of dollars? Thanks, again. BT100dc
     
  5. lel4866

    lel4866 Member

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    As Kevin Fleming said in the "cost of shot" thread, it's not just the cost of the raw material, but the cost of energy to process and transport.

    What we need is a #8 shot futures contract, so we can hedge ourselves...
     
  6. Beretta687EELL

    Beretta687EELL Well-Known Member

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    Here is a link to the Kitco web site showing the last 5 years of the price and supply of lead. IMHO the folks that supply shot to our market, generally, keep a low inventory when the price is higher. They usually react fairly quickly when the price drops. Bill Malcolm
     
  7. Dr.Longshot

    Dr.Longshot Banned Banned

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    China and Japan are using a lot of lead to sheild nuclear reactors

    Gary Bryant
    Dr,longshot
     
  8. Uncle Sam

    Uncle Sam Member

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    I think that the U.S. Congress has quite a bit of it and if they would get it out they might be able to get something done!!!.........Uncle Sam, Pa.
     
  9. mike b.

    mike b. Member

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    In addition to lead the antimony in shot has gone up considerably in the last year. Probably adds $5 a bag to cost. Hope these aren't "the good old days" !!
     
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