Commodity Market Report

Global lead short-term outlook December 2020

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

The strong performance of lead in November soon ran out of momentum this month, as it fell from leading the base metals complex to lagging well behind. Its price fell by 7.6% in December, dropping to $1957/t after spending a month above the $2000/t threshold. While this plummet did constitute something of an anticipated price correction, its extent still disappointed markets. However, although sentiment was turning against lead, many funds were still maintaining net long positions. But a rapid sell-off in the coming weeks cannot be discounted unless lead markets are once again buoyed by renewed supply tightness or pressure on demand, as covid infection rates soar again globally and dent optimism going into the New Year.

Table of contents

  • China
  • North America
  • Europe
  • Raw materials market
  • Mine production news
  • Smelter production news

Tables and charts

This report includes 11 images and tables including:

  • Sharp fall in Chinese refined lead imports as coronavirus gives an initial dent in demand
  • Global quarterly refined lead consumption (kt)
  • Surge in LME prices relative to SHFE prices makes importing concentrate into China more expensive
  • Concentrate market TCs
  • Lead mine capability, market adjustment and production (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
  • Global lead supply and demand (kt)

What's included

This report contains:

  • Document

    Global lead short-term outlook December 2020

    PDF 1.11 MB