Commodity Market Report
Global lead short-term outlook May 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
Lead's relative stability related to the importance of recycling and the replacement automotive battery sector has been demonstrated during May. The wider slide in metal prices on the back of macroeconomic bearishness took lead with it, but lead's losses were far more modest, particularly in local currency terms. The SHFE/LME arbitrage continues to point to relative weakness in China and exported metal has led to inflows at LME warehouses in Asia.
Table of contents
- Supply Demand Balance
- Global
- US
- China
- Japan
- India
-
Europe
- Concentrate market
- Mines news
- Corporate activity
- Smelter news
Tables and charts
This report includes the following images and tables:
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Steady lead stays in th emiddle of the packVolatile zinc swings the Zn:Pb ratio
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Widespread Chinese refined exports continue in 2023 Q1Refined Lead Premia and Scrap PricesPrice forecasts and global quarterly supply/demand balances (kt)Quarterly ConsumptionConcentrate market TCsApril's imports remain at a seasonally-adjusted annual rate slightly higher than the total for 2022Acid prices in May have slipped to levels that risk jeopardising the fortunes of Chinese smeltersTCs have been slow to lift despite a persistent LME/SHE arbitrage that widened further in AprilLead mine capability, market adjustment and production (kt Pb)
- 6 more item(s)...
What's included
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