The lead market recorded a deficit of 177 kt in January to July 2019 which follows a deficit of 265 kt recorded in the whole of 2018. Total stocks at the end of July were 27 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 July 2019 from both primary and secondary sources was 7329 kt which was 11.7 per cent higher than in the comparable months of 2018 Chinese apparent demand was estimated at 3577 kt which was 782 kt higher than the comparable period in 2018 and represented about 48 per cent of the global total. For the USA, apparent demand has decreased by 11 kt for January to July 2019 compared to the same months of 2018.
In July 2019, refined lead production was 1052.7 kt and consumption was 1057.4 kt.
Source: WBMS |
