Global Lead market records deficit during Jan-April
LONDON (Scrap Register): The lead market was in deficit by 116 kilo tons in January to April 2018 which follows a deficit of 412 kilo tons recorded in the whole of 2017, according to the latest figures released by the World Bureau of Metal Statistics.
Total stocks at the end of April were 25 kilo tons lower than at the end of 2017. No allowance is made in the consumption calculation for unreported stock changes.
World refined production during January to April 2018 from both primary and secondary sources was 38474 kilo tons which was 3.3 per cent higher than in the comparable months of 2017.
Chinese demand was 62 kilo tons above the comparable period in 2017 and represented just under 43 per cent of the global total. For the USA, apparent demand has decreased by 16 kilo tons for January to April 2018 compared to the same months of 2017.
In April 2018, refined lead production was 925.7 kilo tons and consumption was 987.8 kilo tons.