Lead market to show first deficit in five years in 2014 - ILZSG

Industry News 10:23:21AM Oct 08, 2013 Source:SMM

Mon, 7 Oct 14:11:00 GMT
 
 
LONDON, Oct 7 (Reuters) - The global lead market is expected to show a deficit in 2014 for the first time in five years, as refined output exceeds demand by 23,000 tonnes, data from the International Lead and Zinc Study Group (ILZSG) showed on Monday.

While production of refined lead is expected to rise 4.2 percent next year to 11.48 million tonnes next year, demand is seen rising by a greater rate of 4.6 percent to 11.51 million tonnes.

Demand for this year is forecast to rise by 5 percent to 11 million tonnes, while production is expected to register an increase of by 4.7 percent to 11.02 million.

For zinc, the ILZSG estimates demand will recover this year to show a rise of 4.8 percent to 12.89 million tonnes, with a further 5 percent growth seen next year to 13.54 million tonnes.

Refined output is expected to rise 3.4 percent this year to 13.01 million tonnes, and 4.9 percent next year to 13.65 million tonnes, driven by higher production in China.


(Reporting by Harpreet Bhal)

((harpreet.bhal@thomsonreuters.com)(+44)(0)(207 542 4533)(Reuters Messaging: harpreet.bhal.thomsonreuters.com@reuters.net))

Key Words:  LEAD/ILZSG 

Lead market to show first deficit in five years in 2014 - ILZSG

Industry News 10:23:21AM Oct 08, 2013 Source:SMM

Mon, 7 Oct 14:11:00 GMT
 
 
LONDON, Oct 7 (Reuters) - The global lead market is expected to show a deficit in 2014 for the first time in five years, as refined output exceeds demand by 23,000 tonnes, data from the International Lead and Zinc Study Group (ILZSG) showed on Monday.

While production of refined lead is expected to rise 4.2 percent next year to 11.48 million tonnes next year, demand is seen rising by a greater rate of 4.6 percent to 11.51 million tonnes.

Demand for this year is forecast to rise by 5 percent to 11 million tonnes, while production is expected to register an increase of by 4.7 percent to 11.02 million.

For zinc, the ILZSG estimates demand will recover this year to show a rise of 4.8 percent to 12.89 million tonnes, with a further 5 percent growth seen next year to 13.54 million tonnes.

Refined output is expected to rise 3.4 percent this year to 13.01 million tonnes, and 4.9 percent next year to 13.65 million tonnes, driven by higher production in China.


(Reporting by Harpreet Bhal)

((harpreet.bhal@thomsonreuters.com)(+44)(0)(207 542 4533)(Reuters Messaging: harpreet.bhal.thomsonreuters.com@reuters.net))

Key Words:  LEAD/ILZSG