Commodity market report
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28 Pages

Global lead short-term outlook June 2016


Global lead short-term outlook June 2016

Report summary

An otherwise nondescript month for lead was focused first on market nerves over the impending UK referendum, then dominated by the shock decision for Britain to leave the European Union. Initially panicked markets soon recovered their composure with a late rally recovering lost value as lead closed the month at $1734/t after trading in a tight $67/t range throughout June. A further fall in spot TCs reinforced market conviction of tightening supply, confirmed by a large drop in Chinese concentrate imports owing to reduced material availability.

What's included?

This report includes 2 file(s)

  • Global lead short-term outlook June 2016 PDF - 472.06 KB 28 Pages, 11 Tables, 11 Figures
  • Data tables lead STO June 2016.xls XLS - 271.50 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
  • Supply-demand balances
    • Lead trades in a narrow band during June, with Brexit effect muted
    • Price spreads fairly narrow but stay in contango
    • Refined lead premia and scrap prices
    • Price forecasts and global quarterly supply/demand balances (kt)
  • Demand
    • China
    • India
    • US
    • Other
      • Global quarterly refined lead consumption (kt)
  • Supply
    • Raw materials market
    • Smelter and refinery news
    • Mine production news

In this report there are 22 tables or charts, including:

  • Executive summary
    • Lead key forecasts
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Lead price and dollar rate in harmony until Brexit result
    • Supply-demand balances: Image 3
    • Small deposits and withdrawals from LME warehouses leave stocks barely changed
    • Total stocks and cancelled warrants flatline in June
    • Supply-demand balances: Table 1
    • Surge in refined lead imports following capacity expansion at Korean primary producer
    • Supply-demand balances: Table 2
  • Demand
    • Increased Chinese battery imports resulting from high-end battery demand including start-stop systems
    • Standby batteries stand alone in positive growth as motive power and auto batteries falter in low season
    • OE batteries receive continued boost from US auto production, although May total dips
    • Demand: Table 1
  • Supply
    • Concentrate market TCs
    • Supply: Image 1
    • Supply: Image 2
    • Lead mine capability, adjustment and production - ROW, China and Global (kt Pb)
    • Global refined lead consumption (kt Pb)
    • Global lead mine production (Lead in concentrate)
    • Global refined lead production (kt Pb)
    • Lead stocks, prices and premia
    • Global lead supply and demand (kt)
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