The lead market recorded a deficit of 329kt in January to December 2019 which follows a deficit of 243 kt recorded in the whole of 2018. Total stocks at the end of December were 10 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 December 2019 from both primary and secondary sources was 12404 kt which was 6 per cent higher than in the comparable months of 2018. Chinese apparent demand was estimated at 5915 kt which was 680 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 37 kt for January to December 2019 compared to the same months of 2018.
In December 2019, refined lead production was 1130.0 kt and consumption was 1135.8 kt.
Source: WBMS |
