Home / Metal News /  / Lead market posts a surplus during first quarter of 2016
Lead market posts a surplus during first quarter of 2016
Jun 3,2016 09:28CST
industry news
Source:SMM
Latest figures from International Lead and Zinc Study Group indicated that world refined lead metal supply exceeded demand by 29kt during the first quarter of 2016.

CHINA June 02 2016 2:37 PM     

LONDON (Scrap Register): Latest  figures from International Lead and Zinc Study Group indicated that world  refined lead metal supply exceeded demand by 29kt during the first quarter of  2016. Over the same period total reported stock levels declined by 22kt.  

Ex-China lead mine output fell by 5% due mainly to reductions in  Australia, Ireland, India and the United States that were partially balanced by  rises in Bolivia and Mexico. Chinese production is estimated to have fallen by  14.2% and global output by 9.1%.

On an ex-China basis output of refined  lead metal increased by 4.3%. This was primarily a consequence of higher output  in the Republic of Korea and the United States.

According to Antaike,  Chinese production amounted to 930kt, a reduction of 11.2% compared to the same  period in 2015. A fall in global refined lead metal usage of 2.6% was  principally influenced by a fall in Chinese apparent demand of 13.3%. A 4.9%  rise in Ex-China usage was driven mainly by increases in Europe, Indonesia,  Mexico and Thailand.


lead supply

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news