Global Lead demand exceeds supply by 37KT during Q1 2018
LONDON (Scrap Register): Global refined lead metal demand exceeded supply by 37 kilo tons during the first quarter of 2018. Over the same period total reported stock levels decreased by 26kilo tons, according to the latest data released by the International Lead and Zinc Study Group (ILZSG).
A 8.9% increase in global lead mine production compared to the first quarter of 2017 was mainly due to higher output in China, Morocco and Turkey.
Refined lead metal global output increased by 3.4%, mainly influenced by a reported 4.6% rise in China. Production was also higher in Australia and the United States. In the Republic of Korea, output was 3.7% lower compared to the first quarter of 2017.
An increase in global usage of refined lead metal of 4.0% was primarily a consequence of rises in Chinese and US apparent demand of 7.1% and 4.6% respectively. Usage in Europe increased by 1.0%.
Chinese imports of lead contained in lead concentrates fell by 22.1% to 134kilo tons. Net exports of refined lead metal totalled 5kilo tons compared to net imports of 25kilo tons over the same period of 2017.