Commodity Market Report
Global lead short-term outlook February 2019
Report summary
Lead's middling price performance belied the fact that fundamental influences - often in opposite - were pulling the price in different directions. Supply worries were the primary focus for markets anxious over Australian flooding and a Korean smelter fire slashing lead availability. Counteracting these fears was a rise in LME refined lead stocks and a multi-year low in cancelled warrants - until 33kt of cancellations once again gave market participants sleepless nights. Spot treatment charges have seen little change and remain around $15/t CIF MCP, but portents point to a rise in coming months.
Table of contents
- China
- US
- Canada
- Europe
- Raw materials market
- Mine production news
Tables and charts
This report includes 11 images and tables including:
- China's lead battery production
- North American lead battery shipments
- Global quarterly refined lead consumption (kt)
- 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:
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