Commodity Market Report
Global lead short-term outlook August 2022
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Report summary
Efforts to push the lead price lower in early August failed. The rallying of the wider base metals complex amid signs that US inflation may be easing and renewed efforts in China to stimulate growth, boosted sentiment and forced shorts to cover. This helped to propel the lead price upwards from $2022/t at the end of July to as high as $2192/t by the middle of the month, its highest level since mid-June.
Table of contents
- Supply-demand balances
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Global
- Europe
- China
- China Concentrate markets
- Current mine developments
- Project News
- Corporate Activity
- Smelter and refinery developments
Tables and charts
This report includes the following images and tables:
- Price fall eliminates backwardation
- Improved sentiment in first half of August boosts metal prices
- Refined lead premia and scrap prices
- Price forecasts and global quarterly supply/demand balances (kt)
- Global quarterly refined lead consumption (kt)
- Closure of negative arbitrage in July was short-lived, but so was the return of a negative arbitrage in August
- Concentrate market TCs
- Sharp fall in China's sulphuric acid price in July-August should be supportive of spot TCs
- Lead mine capability, market adjustment and production (kt Pb)
- Global refined lead consumption (kt Pb)
- Global lead mine production (lead in concentrate, kt Pb)
- Global refined lead production (kt Pb)
- 3 more item(s)...
What's included
This report contains:
