ILZSG: World Lead Market Deficit at 39,000 Tonnes
The latest edition of the monthly ‘Lead and Zinc Statistics Bulletin’ published by the International Lead and Zinc Study Group (ILZSG) suggests that global market for refined zinc metal ended in deficit during the initial four-month period of the year, when compared with the corresponding period a year before.
According to provisional data released by ILZSG, world lead metal demand exceeded supply, thereby pushing the market to a deficit of 39,000 tonnes during the initial four-month period of the current year. Over this period, the total reported lead stock levels declined modestly by 21,000 tonnes.
The global lead mine production increased marginally by 0.7% over this period. The rise in output was primarily due to higher output by various producing countries including India, Peru and Sweden. On the other hand, the mine production recorded decline in China. The lead mine output totaled 1.544 million tonnes during Jan-Apr ‘19.
The refined lead metal production during this period recorded a jump of 2.3% to total 3.870 million tonnes. The production remained more or less stable in Europe, Japan and the U.S. Meantime, China, Korea and India recorded higher output over the previous year.
The global lead metal usage rose by 2.3% year-on-year to total 3.909 million tonnes, mainly on account of rises in China and India. The metal usage reported decline in Europe, Japan, Korea and the U.S.
The ILZSG data indicates that monthly global lead mine output totaled 380.1 kt in Apr ‘19. The global refined lead metal production totaled 970.1 kt, whereas global lead metal usage totaled 995.9 kt during the month.
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