The lead market recorded a deficit of 119 kt in January to March 2019 which follows a deficit of 278 kt recorded in the whole of 2018. Total stocks at the end of March were 7 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 March 2019 from both primary and secondary sources was 3090 kt which was 6.6 per cent higher than in the comparable months of 2018 Chinese apparent demand was estimated at 1486 kt which was 242 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 10 kt for January to March 2019 compared to the same months of 2018.
In March 2019, refined lead production was 1048.9 kt and consumption was 1099.3 kt.
Source: WBMS |
