Commodity Market Report
Global lead short-term outlook June 2023
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The suspension of operations at Peñasquito appears to have provided support to the rally in lead prices in June. Such fundamental support is justified because the lead concentrate market is already tight. Unlike smelter cuts, which can merely result in raw materials being diverted elsewhere, Peñasquito 's lost output will result one-for-one in reduced output of refined metal. Strong OE automotive figures were also supportive on the demand side of lead's market fundamentals. However, the wider macroeconomic picture has been less robust recently, particularly in China.
Table of contents
- Prices
- Asia.
- India.
- North America.
-
Europe.
- Concentrate market
- Mines news
- Corporate activity
- Smelter news
Tables and charts
This report includes the following images and tables:
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Lead % price fluctuation itghter than most metalsRefined Lead Premia and Scrap PricesPrice forecasts and global quarterly supply/demand balances (kt)
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Quarterly ConsumptionConcentrate market TCsTCs lifted only a little in June despite the persistent LME/SHE arbitrage widening significantlyAcid prices slipped further in June and risked jeopardising the fortunes of Chinese smeltersJanuary-May's imports were 20% higher than in 2022 at a seasonally-adjusted annual rateLead mine capability, market adjustment and production (kt Pb)Global refined lead consumption (kt Pb)Global lead mine production (lead in concentrate, kt Pb)Global refined lead production (kt Pb)
- 3 more item(s)...
What's included
This report contains:
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