Commodity market report
| |
29 Pages

Global lead short-term outlook April 2017


Global lead short-term outlook April 2017

Report summary

For most of April the lead price was in a negative slide, dragged down by darkening sentiment on rising geopolitical tensions. Lead's fundamentals struggled to assert an influence in spite of the available material in LME stocks reaching a 16-month low amid continuing medium-term supply concerns. The return of market confidence on brighter news later in the month prompted investors to return, stimulating a short but strong rally to recover most of lead's lost value to end the month at $2237/t, just 2.2% down overall.

What's included?

This report includes 2 file(s)

  • Global lead short-term outlook April 2017 PDF - 535.78 KB 29 Pages, 12 Tables, 11 Figures
  • Data tables lead STO April 2017.xls XLS - 266.50 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Lead Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Refined lead premia and scrap prices
    • Price forecasts and global quarterly supply/demand balances (kt)
  • Demand
    • China
    • US
    • Europe
    • Japan
    • Other
  • Supply
    • Raw materials market
      • Smelter and refinery news
      • Mine production news

In this report there are 23 tables or charts, including:

  • Executive summary
    • Lead key forecasts
  • Supply-demand balances
    • Base metals in April slump, some ground regained by late rallies
    • Dollar weakness fails to pull price higher
    • Some tensions evident as contango evaporates and stocks fall
    • The first significant change in total LME stocks for a year
    • Both LME and SHFE prices in decline, with Chinese prices more stable
    • Continuous outflow of refined lead from European LME warehouses
    • Korean and Indian buying activity persists in the US
    • Supply-demand balances: Table 1
    • Korean scrap buyers take the lion's share of Japan scrap exports
    • Supply-demand balances: Table 2
  • Demand
    • Chinese vehicle production growth shows signs of faltering
    • US vehicle production retains some upwards momentum
    • Global quarterly refined lead consumption (kt)
  • Supply
    • Concentrate market TCs
    • Cumulative Chinese concentrate imports increase 9% month on month
    • Lead mine capability, adjustment and production - ROW, China and Global (kt Pb)
    • Global refined lead consumption (kt Pb)
    • Global lead mine production (Lead in concentrate)
    • Global refined lead production (kt Pb)
    • Global primary and secondary refined lead production (kt Pb)
    • Lead stocks, prices and premia
    • Supply: Table 8
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...