Lead Price Forecast, June 2017: Demand Exceeds Supply

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Macro photo of a piece of lead ore

The International Lead and Zinc Study Group (ILZSG) released its findings for June, showing global refined lead metal demand exceeded supply during the first four months of the year.

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In addition, the ILZSG report revealed total reported stock levels increased during that same time frame. An increase in worldwide lead mine production, to the tune of 13% year-over-year (compared to the first four months of 2016), is primarily the result of increased production in China.

Furthermore, a global refined lead metal output increase of 8.4% can be attributed to India, China and the United States.

The ILZSG report states: “A sharp rise in net imports was the main influence on an increase in US apparent demand of 22.8%. There was also a strong rise in Chinese apparent usage of 16.4%. European demand increased by a more modest 1.5% with overall global demand up by 11.15%.”

How will lead and base metals fare in 2017? You can find a more in-depth lead price forecast and outlook in our brand-new Monthly Metal Buying Outlook report.

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Comments (2)

  1. HARDEEP says:

    Very good

  2. Majid Seidani says:

    very good. thx

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