Commodity Market Report
Global lead short-term outlook October 2019
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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
A robust price performance from lead was largely sustained by continuing supply concerns as the lead industry hits its peak demand season. A backwardation settled over the cash to three-month spread as the market cautiously eyed developments at Port Pirie and the increasingly negative LME-SHFE arbitrage stifling concentrate trade. The has forced Chinese smelters to force TCs much higher this month.
Table of contents
- China
- India
- Russia
- Europe
- Raw materials market
- Mine production news
Tables and charts
This report includes the following images and tables:
- Global quarterly refined lead consumption (kt)
- Customs data suggest that all of Port Pirie's displaced local feed has been exported to China
- The SHFE/LME arbitrage value in concentrate trade turned negative in October
- Spot TCs would have to increase in October in order to maintain Chinese buyers' spot TC plus SHFE/LME arbitrage value
- Seasonal shipments of Red Dog's concentrate became evident in China's imports in September
- 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
- 1 more item(s)...
What's included
This report contains:
