Commodity market report
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28 Pages

Global lead short-term outlook December 2015


Global lead short-term outlook December 2015

Report summary

Markets were initially quiet as investors were nervous to act before the Fed interest rate announcement, during which time the lead price crept upwards on better news from China and falling oil price. After reaching a December high of $1717/t after the $1555 low last month, price then plummeted after 40kt were added to LME stocks overnight, followed two days later by another 10kt addition more than offset by 54kt of cancellations. Price rebounded sharply to $1669/t, around $50/t below the month high but well clear of recent lows, as markets came to terms with the prospect of tight refined lead supply in the medium term.

What's included?

This report includes 2 file(s)

  • Global lead short-term outlook December 2015 PDF - 1.05 MB 28 Pages, 13 Tables, 6 Figures
  • Data tables lead STO December 2015.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
    • Lead key forecasts
  • Supply-demand balances
  • Demand
    • China
    • Europe
    • US
      • Global quarterly refined lead consumption (kt)
  • Supply
    • Raw materials market
      • Smelter and refinery news
      • Mine production news
        • Price-induced lead mine production capability losses kt Zn
        • 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)

In this report there are 19 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Supply-demand balances
    • Lead performs well until LME stock increase
    • Lead the star performer in a bad year for base metals
    • Supply-demand balances: Image 3
    • Supply-demand balances: Table 1
    • Supply-demand balances: Table 2
  • Demand
    • Demand: Table 1
  • Supply
    • Concentrate market TCs
    • Chinese concentrate imports as a percentage of primary output
    • Chinese smelter revenues from imported lead concentrate has increased dramatically in recent months
    • 2015 average Chinese primary smelter utilisation rates lower than 2014 average
    • Lead mine capability, adjustments and production - ROW, China and Global (kt Pb)
    • Supply: Table 3
    • Supply: Table 4
    • Supply: Table 5
    • Supply: Table 6
    • Supply: Table 7
    • Supply: Table 8
    • Supply: Table 9
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