The lead market recorded a deficit of 162 kt in January to May 2019 which follows a deficit of 280 kt recorded in the whole of 2018. Total stocks at the end of May were 19 kt lower than at the end of 2018. No allowance is made in the consumption calculation for unreported stock changes.
World refined production during January to May 2019 from both primary and secondary sources was 5177 kt which was 9.8 per cent higher than in the comparable months of 2018 Chinese apparent demand was estimated at 2462 kt which was 499 kt higher than the comparable period in 2018 and represented about 46 per cent of the global total. For the USA, apparent demand has increased by 13 kt for January to May 2019 compared to the same months of 2018.
In May 2019, refined lead production was 1023.4 kt and consumption was 1030.6 kt.
Source: WBMS |