Commodity Market Report
Global lead short-term outlook August 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Lead proved to be a laggard during August finishing up 3.3% at $2373/t, barely gaining value and being left behind by the other base metals. Mostly trading in a narrow range, it did manage a one-day flirtation with an eight-month price high, but this lasted just one day. The trigger for this price spike was the UN sanctions again North Korea cutting lead concentrate supplies to China in a time when the latter is desperate for supply. Worries also persist over global refined metal supply with exchange stocks falling further and supply of lead scrap tightening even more as peak demand season approaches.
Table of contents
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Executive summary
- Lead key forecasts
- Supply-demand balances
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Demand
- China
- North America
- Europe
- Japan
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Korea
- Global quarterly refined lead consumption (kt)
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Supply
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Raw materials market
- Concentrate market TCs
- Mine production news
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Smelter production news
- 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
- Global lead supply and demand (kt)
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Raw materials market
Tables and charts
This report includes the following images and tables:
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Lead price little changed as other LME metals gain valueSome decoupling of lead price and dollar value as supply concerns prompt small spikeTightening lead mine supply has increased Chinese imports of North Korean concentrates
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Price spread contango remains steadyFalling SHFE stocks points to refined lead supply worriesChinese refined lead imports now running at annualised 100ktTotal LME lead stocks stabilise for the moment, but cancelled warrants increaseOutflows of LME lead from warehouses reduces in quantity and frequencySupply-demand balances: Table 1Supply-demand balances: Table 2Executive summary: Table 1Chinese car production back into year-on-year growth
- 10 more item(s)...
What's included
This report contains:
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