Global Lead Short-Term Outlook March 2018 - ResearchAndMarkets.com

DUBLIN--()--The "Global Lead Short-Term Outlook March 2018" report from Wood Mackenzie has been added to ResearchAndMarkets.com's offering.

Lead joined the other base metals in a general price slide, yet managed to be the best performer despite losing 2.2% of value. Two large deliveries either side of the month start added 23kt to LME stocks, helping to deflate the lead price. Markets recovered as trade war tensions eased and lead's dynamics were helped by fresh warrant cancellations effectively neutralising the earlier influx and pushing the available tonnage down to a five-year low. Price spreads remained tight, the refined lead spot market saw little activity and scrap prices scarcely eased in the transition towards the low season.

Lead concentrate supply is improving as Chinese mines reopen after winter, although environmental constraints may limit net growth this year. ROW mine production is forecast to increase but will be insufficient to allow full operation at smelters. Spot TCs are thus unchanged and annual contract negotiations look set to continue yielding terms lower than last year.

Key Topics Covered

  • Executive summary
  • Lead key forecasts
  • Supply-demand balances
  • Refined lead premia and scrap prices
  • Price forecasts and global quarterly supply/demand balances (kt)
  • Demand
  • General
  • China
  • US
  • Japan
  • Supply
  • Raw materials market
  • Mine production news
  • Lead mine capability, market adjustment and production (kt Pb)

Images

  • Base metals fall on demand worries from trade war
  • Base metals price performance for 2018 so far
  • Lead price follows dollar value less closely in March
  • Lead price spread trades in narrow range during March
  • Total stocks climb but live warrants now at a five-year low
  • LME stock movements
  • Regional demand changes from previous forecast
  • No increase on Chinese battery production in 2017 from previous year

For more information about this report visit https://www.researchandmarkets.com/research/lz7rtq/global_lead?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Non Ferrous Metals

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Non Ferrous Metals