Commodity Market Report
Global lead short-term outlook February 2022
Report summary
Lead markets were somewhat quiet and appeared expectant of impending events to impact. The LME price did rise by 3.8% this month but also, briefly, dipped below $2200/t, a four-month low, before finishing on $2335/t. Stocks started to be removed from LME warehouses in meaningful quantities after months of stability, with the total falling to a 13-year low. SHFE stocks stopped falling and rose slightly. Markets were rattled by heightened tensions in Eastern Europe, compounding worries over inflation cooling demand, as geopolitical events played out.
Table of contents
- China
- US/Canada
- Europe
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes 10 images and tables including:
- Global quarterly refined lead consumption (kt)
- The SHFE/LME arbitrage remained negative in February
- 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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