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PRYSMIAN GROUP | DIRECTORS’ REPORT
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Lead
The average price per tonne on the London Metal Exchange was USD 1,787 (Euro 1,611) in 2015, down
14.7% in USD but up 2% in EUR compared with the year before (USD 2,096 per tonne and Euro 1,578 per
tonne respectively).
Source: LME data. Price per tonne
Oil
Brent crude prices were extremely volatile in 2015, fluctuating between USD 47 and 67/barrel in the period
January-July. Prices then started to fall steadily, until reaching a low of USD 36.11/barrel in the second half
of December. Brent crude had an average price per barrel for the whole of 2015 of USD 54, down 46% on
2014 (USD 100). The EUR depreciation against the USD meant that the EUR price decrease was smaller at
35%, going from Euro 74/barrel in 2014 to Euro 48/barrel in 2015. European ethylene prices declined more
moderately, in the order of 17%.